Megaport has also been expanding strongly in the United States, though changing macroeconomic conditions saw it axe 35 staff and cut costs last quarter.
Megaport earns around 44 per cent of its revenue in US dollars, which is set to increase as it signs new US dollar-paying customers to its network ports in data centres.
While a higher US dollar means Australian companies earn more revenue in Australian-dollar terms, Mr Tynan warns the sharp lift in US inflation has blown out the costs for many companies operating there.
“Labour costs have risen, inflation has pushed up the costs of goods and services,” he said.
Logistics software business WiseTech Global books around 27 per cent of its revenue from sales in the US.
A stronger greenback has pushed rival currencies – including the euro, the British pound and the Aussie dollar – lower, driving up the cost of imported goods, constricting financial conditions and feeding inflation.
Accounting software company Xero books around 26 per cent of its total revenue in British pounds. The New Zealand-based company had already flagged plans to cut spending in response to darkening macroeconomic conditions.
Financial services company Iress is staring down the barrel of a weaker pound, which accounts for a significant proportion of its revenue base.
For listed tech companies that pay dividends, such as WiseTech and Computershare, the twice-yearly dividend payments will be higher when converted into Australian dollars.
