CentralNic picks up a Megabuyte award
Source: Realwire, July 3, 2017. https://www.realwire.com/releases/CentralNic-picks-up-a-Megabuyte-award
CentralNic named UK’s Best Performing Listed Company in Infrastructure Services
CentralNic (LSE: CNIC) has been named as the best performing company in the Infrastructure Services category of the Quoted25 awards, which recognises the best performing technology companies in the mid-market of the London Stock Exchange’s AIM market.
CentralNic’s Megabuyte scorecard ranking of 85 puts it third overall and makes it the best-performing company in the ICT services sector on the AIM market.
“We are delighted to be recognised as the best performing company in the Infrastructure Services category,” said Ben Crawford, CEO at CentralNic. “We have a world-class company driven by the vast demand for subscription-based services like domain names, hosting, and software licensing, especially in emerging markets. It is always nice to have the superiority of our business model and the results of our hard work acknowledged in such a public manner.”
Internet infrastructure services companies providing domain names, hosting and related services are subscription-base businesses generating excellent quality earnings. CentralNic’s strategy of growth through acquiring these quality businesses in emerging markets forms the basis for a highly cash-generative strategy, with revenue growth of over 100% during 2016.
Megabuyte View: CentralNic’s strong Scorecard rating reflects the strong growth, margin and cash flow characteristics of the internet domain name market, which has been boosted in recent years by new Top Level Domains (TLDs) and demand from China, whilst CentralNic, in particular, benefited from its .xyz URL, which is used by Alphabet/Google. Growth has also been boosted by the early 2016 acquisition of Instra.
About Megabuyte
Megabuyte is an origination, transaction support and data analytics platform enabling investors, advisers and CXOs to identify, benchmark and monitor UK mid-market technology companies of relevance to them. The proprietary nature of Megabuyte’s content, including its industry-leading Megabuyte Scorecard benchmarking methodology, combined with its unrivalled private company coverage, independence and deep domain experience, have served to make it one of sector’s most respected and authoritative commentators.
Visit http://www.megabuyte.com/ for further information.
About the Quoted25 awards
The Megabuyte Quoted25 awards recognise the UK’s best-performing public technology companies as ranked by their Megabuyte Scorecard rating. The awards are unique in providing a rigorous, independent measure of public company performance unrelated to share price and are consequently becoming an increasingly influential complimentary benchmarking tool for financial, advisory and corporate audiences alike. The Megabuyte Scorecard benchmarking methodology is proprietary to Megabuyte and evaluates seven key financial KPIs. The Quoted25 awards are one of three award series run by Megabuyte alongside the Megabuyte50 awards, which identify the UK’s best-performing, privately-owned technology companies, and the Megabuyte Emerging Stars awards, which identify the UK’s best-performing technology scale-ups.
Visit http://www.megabuyte-awards.com/ for further information.