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Megaport Subsidiary Lands $35.4M Compute Contract, Boosting Recurring Revenue
8:46am on Monday 27th of April, 2026 AEST
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Technology
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Megaport Subsidiary Lands $35.4M Compute Contract, Boosting Recurring Revenue
8:46am on Monday 27th of April, 2026 AEST
Key Points
Latitude.sh wins $35.4M 3-year compute and storage contract
Annual Recurring Revenue for compute rises 31% to USD 58.7M
Megaport Network ARR grows 23% year-on-year on constant currency basis
Contract triggers $17.2M incremental capital expenditure on CPU servers
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