Strong competition ahead, page-12

mp1 are in for a period of accelerating growth over the next few years. Once this becomes obvious to market SP will take off.
They've gone through a period of consolidation and investment; they've invested in R&D, and you've seen a new product in SD-WAN (software-defined networking in a wide area network) that opens up a new market for them.
They've hired a Head of Revenue globally, and they also have cash on the balance sheet for acquisition.
So all of those three factors means you're going to see an acceleration in growth.
Research and surveys have shown that up to 70% of companies expect between 5 to 20 per cent of their workforce to work from home post-covid.
The NaaS sector alone is forecasted to grow at 35% CAGR in the next 4 years.With an all-star list of customers and partners such as Adobe, BHP, Tesla and Zoom, Megaport has proven that they have a quality and popular product to go with the strong growth in their revenue.
Even though growth stocks have fallen out of favour temporarily as investors rotate from high growth stocks to value stocks, companies such as Megaport will benefit permanently from a structural change in how we work post-COVID.