Business
DC Two (ASX: DC2) executive director Blake Burton joins Small Caps to discuss the expansion plans for its data centre, cloud and software business. In its September quarterly report, the company recorded a 20% increase in recurring revenue, driven by the continued migration of existing cloud customers into its new Bibra Lake data centre in Perth’s south as well as successful first rack sales at the facility. DC Two’s nationwide expansion plans also include the commercialisation of its data centre in Victoria, where Joule Energy recently agreed to purchase a modular unit for its renewable energy site for close to half a million dollars. The company recently received binding commitments for a $2.5 million capital raise to fulfil several modular contracts and drive its growth strategy.Articles:https://smallcaps.com.au/dc-two-raises-scale-data-centre-cloud-tech-business/https://smallcaps.com.au/dc-two-next-stage-commercialisation-sale-modular-data-centre-joule-energy/For more information:https://smallcaps.com.au/stocks/DC2/