NEXTDC (ASX: NXT) has announced its financial results for 1H23, highlighting data centre services revenue increased 10% to $159.7M, underlying EBITDA increased 15% to $97.5M, and operating cash flow increased 3% to $71.3M.

NEXTDC says it has a strong liquidity position and record forward sales pipeline which puts the company in a good position to achieve its FY23 guidance and accelerate growth in the medium term.

Updated FY23 guidance is for data centre services revenue towards the top end of $340M - $355M, underlying EBITDA in the range of $190M to $198M, and capital expenditure in the range of $620M to $670M.

Contracted utilisation increased 4% to 84.2MW, customer numbers grew 8% to 1,701 and interconnections rose 9% to 17,301.