Data#3 issues lower-than-expected pre-tax profit guidance for FY12

Cites difficult economic environment and delay in major IT projects

IT services provider Data#3 has announced pre-tax profit will be lower in its 2012 financial year, citing difficult economic environment and the tendency for customers to delay major IT projects.

The Brisbane-based ICT supplier expects pre-tax profit in the range of $18.5 million to $19.5 million, compared to $21.8 million in pre-tax profit in last fiscal.

Data#3's stock was up 6.5 per cent at $1.06 in Friday afternoon trading.

Data#3 managing director, John Grant, said that the profit was consistent with the long term trend. It has achieved steady revenue growth in a period of “challenging industry dynamics.”

Data#3 saw $697 million in revenues for its 2010-11 financial year, up 16% from the previous year.

It has about 1000 staff.

Register now for the ARN Security Forum 2013 on June 4 at the Sydney Mint

More about: Data#3
Comments are now closed.
Related Whitepapers
Latest Stories
Community Comments
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/vexpress-distribution/2013-04-19_505_lifesize-video-conferencing
VExpress Distribution

LifeSize video conferencing

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.