Shares of cloud services provider Megaport (ASX:MP1) jump as much as 6.1% to A$9.850, posting their biggest intraday percentage gain since July 12.

The stock is among the biggest gainers in the benchmark ASX 200 index (ASX:AXJO).

Megaport reports fourth-quarter normalized EBITDA of A$11.8 million ($7.99 million) and FY normalized EBITDA of A$20.2 million, within its guidance range.

The company says FY EBITDA is A$25.2 million, within its guidance range of A$24 million to A$26 million.

Megaport also mentions that June ARR (Annual Recurring Revenue) is A$178.6 million, up 39% from last year.

The company expects to be net cash positive for FY24.

MP1 stock is up 47.1% year-to-date, as of the last close.