- Datametrex AI (TSXV:DM) booked a C$500,000 data centre technology order from a Fortune 500 client in South Korea
- Datametrex develops solutions to increase efficiency and improve outcomes in the healthcare, artificial intelligence and broader technology sectors
- The AI stock has given back 23.33 per cent year-over-year and 97.81 per cent since 2021
Datametrex AI (TSXV:DM) booked a C$500,000 data centre technology order from a Fortune 500 client in South Korea.
The order is estimated to yield about a 20 per cent profit margin, further establishing the company’s end-to-end data centre platform amidst a widespread industry tailwind, with the global data centre market expected to more than double to almost US$700 billion by 2034.
Leadership is keen to expand the platform into North America, leveraging its success in South Korea and outperformance of traditional VMware products offered by Broadcom.
The milestone follows payment technology subsidiary Paymetrex’s first US licensing agreement with a well-known US provider to the tune of US$400,000 per year.
Management commentary
“This purchase order reflects continued enterprise demand for scalable, AI-driven infrastructure solutions. Datametrex Korea remains instrumental in delivering high-performance data centre infrastructure services tailored to the evolving requirements of large organizations,” Paul Haber, chief executive officer of Datametrex, said in Friday’s news release. “We are focused on disciplined execution, operational excellence and expanding a predictable, recurring revenue base as we grow our global infrastructure and managed services platform.”
About Datametrex AI
Datametrex develops solutions to increase efficiency and improve outcomes in the healthcare, artificial intelligence and broader technology sectors.
Datametrex stock (TSXV:DM) opened with a loss of 4.17 per cent trading at C$0.12. The stock has given back 23.33 per cent year-over-year and 97.81 per cent since 2021.
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