Spirit Telecom: Achieves 146pc revenue growth over first four months of 2020

Spirit Telecom: Achieves 146pc revenue growth over first four months of 2020

• Spirit Telecom has achieved strong revenue growth of 146 per cent to $14.3M from January to April 2020, compared to the same period last year
• The internet services company is currently thriving during the COVID-19 pandemic as Australians are more reliant on high-performing internet
• Recurring revenue increased by 60 per cent to $8.6M and B2B recurring revenue growth was up 92 per cent to $7M
• This platform will launch the NBN Enterprise Ethernet range to its partners and direct customers later this month
• The NBN product can reach over 500,000 business locations nationally
• Spirit is up 6.25 per cent and shares are trading for 17 cents each