Q3 FY24 Highlights

as at 31 March 2024


Operational Update Investor Presentation 29 May 2024 – Download PDF


Annual Recurring Revenue 1


Total Number of Services 2


Enabled Data Centers


Customer Logos

1. Annual Recurring Revenue (ARR) in A$ is the recurring revenue expected over a 12 month period, calculated as Monthly Recurring Revenue for the last month of the period x 12, and excludes any non-recurring or one-off revenue.

2. Total Services comprise of Ports, Virtual Cross Connects (VXCs), Megaport Cloud Router (MCR), Megaport Virtual Edge (MVE), and Internet Exchange (IX).

Leadership & Governance

Bevan Slattery

Bevan Slattery

Founder & Non-Executive Chairman

Bevan has a background in building successful Australian IT and telecommunications companies and an earlier career in administration in local and state government.

In 2013, Bevan established Megaport as the world’s first SDN-based elastic interconnection platform designed to provide a secure, seamless and on-demand way for enterprises, networks and services to interconnect. Bevan successfully launched Megaport in Australia, New Zealand, Singapore and Hong Kong before the business was acquired by Megaport Limited in August 2015. Bevan oversaw Megaport’s listing on the ASX in December 2015.

Also in 2013, Bevan founded Superloop Limited with a vision to become the leading independent provider of connectivity services across the Asia Pacific region and the US. Superloop was listed on the ASX in July 2015.

In 2010 Bevan founded NEXTDC Limited, with a vision to become Australia’s largest independent data center provider. As the inaugural CEO of NEXTDC, Bevan oversaw its listing on the ASX and its initial facility rollout.

In 2002, Bevan co-founded PIPE Networks which grew to become Australia’s largest Internet Exchange and Australia’s third largest metropolitan fibre network provider. In 2009, PIPE Networks completed construction of Pipe Pacific Cable 1 (PPC-1), a $200 million submarine cable system linking Sydney to Guam. PIPE Networks was sold to TPG for an enterprise value of $420 million in May 2010.

Bevan holds a Master of Business Administration (Hon.) from Central Queensland University.

Michael Reid

Michael Reid

Chief Executive Officer & Board Director

Michael joins Megaport from Cisco, where he led the pure SaaS Network Visibility Business, ThousandEyes, as Chief Revenue Officer. In that time, he transformed the go-to-market, scaling the team from 150 to nearly 400, expanding into many new countries, and growing the ARR by 2.4 times, making it the largest Cloud, SaaS, and Internet Visibility platform in the world.

Previously Michael spearheaded multiple acquisitions as the WW Head of Sales residing in California, US. Michael is known for his passionate and transformative Sales and Global go-to-market leadership focusing on Culture, People, and Execution. He previously led the Northern Region of Australia for Cisco and, prior to that, led Cisco Sales in Australia’s largest Financial Services customers. He brings over 19 years of industry expertise and experience to Megaport.

Michael holds a Degree in Aerospace Engineering from QUT and was CEO Magazine Sales Executive of the Year 2019.

Jay Adelson

Jay Adelson

Non-Executive Director

Jay Adelson has over 30 years of experience in technology and internet businesses globally. Jay co-founded Equinix (NASDAQ:EQIX) in 1998, and was responsible for the original and sustaining business model that grew it into one of the largest data centre companies in the world.

Jay also was instrumental in the establishment and operation of the original Palo Alto Internet Exchange for Digital Equipment Corporation in 1996.

In 2005, he founded the first internet television network, Revision3, which was acquired by Discovery Communications in 2012.

As CEO of Digg, Jay launched and grew the internet media company to tens of millions of users, and billions of impressions, a month.

Jay has also founded and served as CEO for other successful companies across the technology and internet infrastructure spaces.

Lauren Williams

Lauren Williams

Non-Executive Director

Lauren is an experienced ASX non-executive director and former CEO with a proven track record in building high-growth businesses, and deep experience in digital strategy, marketing, and technology transformation. Lauren brings a global perspective and customer focus on delivering profitable growth across industries including software, automotive, travel, and media.

Lauren currently serves on the board of Altium (ASX:ALU), an ASX100 global software business where she chairs the People & Remuneration Committee and Constructiv Technologies Group, a technology business backed by Macquarie where she chairs the Remuneration Committee, and non-profit Good360.

Prior to her board career, Lauren was the CEO of Australia's second largest digital automotive marketplace and media company, Carsguide/Autotrader, overseeing transformational change, significant growth, and acquisition by US-based global software company. In her twenty years as a digital growth leader, she held operational and corporate development roles at BBC Studios (London/Sydney), Nine Entertainment and Fairfax Digital. She began her career as an investment banking analyst in the global technology group at Citi (Silicon Valley) followed by several years in management consulting.

Lauren holds a BA in Economics Honours from Harvard University and is a Graduate and Member of the Australian Institute of Company Directors. She won the AFR BOSS award for Young Executive of the Year in 2014.

Naomi Seddon

Naomi Seddon

Non-Executive Director & Lead Independent Director

Naomi Seddon is an Australian, US and NZ qualified lawyer and is a partner with the global law firm, Littler Mendelson.

With a focus on providing international legal solutions to companies, Naomi has extensive experience assisting companies to enter and grow in new markets including advising on global migration, local employment, data protection and privacy, pay equity, and equal employment opportunity issues.

In 2016 Naomi was named one of the top 500 attorneys in the United States for legal advice by Legal 500.

Naomi is also an author and presenter on workplace equity, diversity, and inclusion. In addition to her professional legal work, Naomi is a non-executive director of Transmax Pty Ltd, Endometriosis Australia, Surrogacy Australia, and United Stages.

Michael Klayko

Michael Klayko

Non-Executive Director

Michael Klayko has over 40 years of experience in the data storage, computer, technology, and telecommunications industries. During his tenure as CEO of Brocade, he grew the company revenues from less than US$500 million to over US$2.2 billion.

Additionally, he has held leadership and Executive positions at leading technology companies including Rhapsody Networks, McDATA Corporation, EMC Corporation, Hewlett Packard, and IBM.

Michael brings a comprehensive understanding of the technology and network solutions industry coupled with extensive experience as a director of other publicly listed technology companies.

He is an Operating Executive at Marlin Equity Partners, a global investment firm. Currently Michael serves as the Chairman of Star Compliance, Executive Chairman of Baxter Planning and is a board member of Process Unity and CE Broker.

Melinda Snowden

Melinda Snowden

Non-Executive Director

Melinda has 30 years of experience in finance and has been a professional non-executive director since 2010 in a broad range of industries.

Melinda is currently a Non-Executive Director and Chair of the Audit and Risk Committee of ASX listed company Temple & Webster.

Melinda has held previous non-executive director roles at WAM Leaders, Newmark Property REIT, Best and Less Holdings, MLC, Vita Group, Mercer Investments (Australia), Sandon Capital Investments, Our Ark Mutual, and Kennards Self Storage. Prior to her non-executive career, Melinda held investment banking roles with Grant Samuel, Merrill Lynch, and Goldman Sachs, and was a solicitor in the corporate division of Herbert Smith Freehills.

Melinda holds a Bachelor of Economics and Laws from the University of Sydney and is a graduate member of the Australian Institute of Company Directors.

Glo Gordon

Glo Gordon

Non-Executive Director

Glo has more than 20 years of experience as a senior global executive in business operations strategy and sales at large technology companies including Cisco, Oracle, SAP, and Xerox.

She is currently CEO and board member of Matrixx, a leading 5G digital commerce company in Silicon Valley.

At Cisco, as Vice President and General Manager, IoT, Sales and Marketing, Ms Gordon held P&L responsibility for growth and margin for Cisco’s US$1 billion plus IoT business unit.

As Group Vice President, Worldwide, at Oracle Corporation, she was head of global BSS/OSS applications sales, contributing double digit growth in recurring revenue for Oracle’s Communications Business Unit for Telcos and Enterprise.

More recently, Glo was Chief Revenue Officer at Uptake, an emerging leader in artificial intelligence, machine learning, and predictive analysis.

Celia Pheasant

Celia Pheasant

Company Secretary

Celia Pheasant is an experienced in-house information and communications technology lawyer with more than 25 years of legal experience.

Celia served in as company secretary for Megaport between 2015 and September 2022, and was reappointed to the role in March 2023. Celia is responsible for the corporate governance of its subsidiaries in over 20 countries globally.

She is also General Counsel for Soda, a leading hub for innovation, incubation, and investment in Australian digital infrastructure and technology businesses.

She commenced her career as a solicitor in the telecommunications division at Herbert Smith Freehills before continuing with in-house counsel roles with Hutchison Whampoa and AAPT.

Celia holds a Bachelor of Laws and Bachelor of Arts (Jurisprudence) from the University of Adelaide and a Master of Law and Management from the University of New South Wales.

Get in touch

Contacting Megaport


Level 3 825 Ann St,
Fortitude Valley QLD 4006

Investor Relations

Share Registry

Computershare Investor Services Pty Limited
Level 1 200 Mary Street, Brisbane QLD 4000

Phone: 1300 850 505
International Callers: +61 3 9415 4000
Facsimile: +61 3 9473 2500

Get in touch

Stay Informed

Interested in Megaport? Stay informed with ASX Updates & Announcements.

By clicking on the submit button, you consent to receive communications from Megaport in relation to our products and services. Your personal data will be processed in accordance with our Collection Statement and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.