Shares in data centre operator Next DC (NXT) fell heavily after delivering their 2022 full year result, the selling not helped by a broader tech sell-off for the week. Despite delivering a solid result on the top end of its previous guidance. Revenue rose +18% from last year to $291m and underlying operating earnings (EBITDA) increased +26% to $85m. The company experienced strong growth and ramped it its investment in expanding its installed capacity. Looking ahead, Next DC expects the growth to continue strongly into 2023, with revenue expected to rise +17% to 22% from last year, while operating earnings with grow by +12% to +17% softer than what the market had anticipated given.