Megaport Ltd's stock price surged 5.68% during intraday trading on Monday, following the announcement of a significant new business contract.
The network-as-a-service provider secured a 36-month compute contract valued at approximately USD $25.1 million. This substantial multi-year agreement is viewed positively by the market as it provides clear revenue visibility and underscores the company's competitive positioning in securing large-scale enterprise deals.
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