Steve Daghlian

This is after securing a $35.5 million three-year contract.

It's what it calls a compute and storage contract from a US tech company, which is unlisted.

So it reckons it's basically going to rake in something like $8.5 million per year in revenue.

Megaport hasn't actually had a down day on the market in over two weeks now.

So it's been a pretty good run for the tech stock.

Origin is another underperformer today.

It's down in the order of five, around 5%.

It downgraded guidance at its Australia Pacific LNG site in Queensland.

It basically said that revenue at the site fell by close to $250 million over the March quarter.

It actually blamed this on bringing in less money for its LNG over that three-month period because of a strengthening US dollar and lower sales.

It also pointed out that

changes in oil prices, which we've obviously had since the war in Iran started a couple of months ago, does have quite a lagged effect on its long-term export contracts.

So it certainly isn't immediate if you're wondering why revenue would fall when prices of LNG and other commodities have gone through the roof recently.

So it expects this not to actually flow through until 2027 or FY2027.

It also pointed out that domestically, electricity and gas markets have remained quite well supplied and kind of insulated, I guess, from the global price movements.

Yeah, so that's going to be out on Wednesday.

I guess the final piece of the puzzle before the next interest rate decision by the Reserve Bank, which is going to be next week.

Ahead of this, the market reckons there's roughly a 75% chance that they'll be lifting interest rates.

So we'll wait and see what comes out of this.

Also, plenty of quarterly updates locally as well from companies like Woodside, Boss Energy, IGO, ResMed and more.