CentralNic picks up a Megabuyte award

CentralNic has been named as the UK’s “Best Performing Listed Company in Infrastructure Services,” picking up a Megabuyte award in the process.

According to a press release provided by CentralNic:

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.

The view of Megabuyte follows:

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.

For more information, visit CentralNic.com.

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