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Paul Tyler, CEO of Superloop (ASX:SLC), reports on the company's positive half year result highlighting a net loss of $7.8 million, an improvement from last year, and a revenue boost to $255 million, marking a 33% increase. He emphasises the firm's commitment to organic growth, disciplined M&A, and the continued successful execution of the Origin (ASX: ORG) contract.
Paul outlines three macro trends: increasing demand for speed, a shift from traditional telcos to challengers, and cost of living pressures. Despite flat revenue in Superloop's (ASX:SLC) business segment, he sees potential growth as sectors transition to cloud-based networks. Paul mentions the significant steps in customer additions through successful contracts with brands like Origin and AGL (ASX: AGL).
Paul says Superloop is succesfully leveraging automation and disciplined acquisitions to help fuel future growth on top of organic growth. But Paul is not interested in rapid share price appreciated, saying it is important to align share price growth with business fundamentals and confirmed Superloop's (ASX:SLC) confidence in meeting financial guidance.
Superloop remains live to potential M&A opportunities.
