million was the net revenue registered by Logicalis in Latin America in the last fiscal year.
of growth compared to previous year
increase in EBITDA margin compared to FY16
Logicalis registered net revenue of US$ 424,4 million in Latin America over the last fiscal year (FY17), ended on February 28th – a growth of 2,1% compared to previous year. EBITDA margin followed the increase and was 1,8% higher than in FY16.
Among the reasons leading to this positive result, Logicalis points out significative investment related to the Rio 2016 Olympic Games, made by carriers and other infrastructure companies; increased optimism in Argentina after the presidential elections, which led to the concretization of repressed demand; and operations growth in other countries of the region, particularly in Colombia, Peru, and Mexico.
Another highlight of the latest fiscal year has been the services area’s empowerment, which grew approximately 37% in net revenue as result of a company strategy facing market changes, which is increasingly investing to replace physical infrastructures with services running on virtualized platforms. Created about five years ago, the area already accounts for 35% of Logicalis’ revenue and 50% of profitability in the region.
“Our purpose is to support organizations in all their digital transformation projects – from infrastructure’s modernization to the implementation of disruptive technologies. Therefore, we continue investing and creating an innovation-conducive environment, especially for IoT-related projects. We believe that, along with high value-added services, these are our growth levers for the next few years,” said Rodrigo Parreira, Logicalis Latin America CEO.
Logicalis’ operation in Latin America continues to be Logicalis Group’s most important operation, representing 49,4% of its global EBITDA.
Latin America’s EBITDA representation in Logicalis’ global results
Of Logicalis’ profits come from the Services area
Was the Services area’s net income growth in the last fiscal year
Of revenue is represented by the Services area, created five years ago