EDGE 2015 is starting in

Find out more EDGE 2015
Menu
UPDATED: Data#3 reduced staff by 11% in FY2012; contractor base down by 32%

UPDATED: Data#3 reduced staff by 11% in FY2012; contractor base down by 32%

The company recorded redundancies in the second half in response to market outlook

ICT services provider, Data#3 (ASX:DTL), reduced its staff count by 11 per cent including a reduction in contractor base by 32 per cent in FY 2012, according to the company’s annual general meeting address filed with the Australian Stock Exchange.

The company ended the year with 900 staff, with 648 permanent, 34 casual and 240 contractors in its People Solutions Business, according to the address by Data#3 managing director, John Grant.

The company reduced the number of roles in the second half in response to market outlook, he said.

“This saw a number of people leave the business under redundancy conditions for only the second time in our history,” Grant said in the address.

And although company's overall employee count was down, its share of permanent staff was up from 638 to 648, increasing the revenues from permanent employees, Grant noted.

Data#3 uses a combination of permanent and contract workers. During the financial year, the company had to scale back in certain areas to tackle project-related work, he said.

The company could potentially see further declines in contractor numbers but sees overall a good first half, according to Grant.

In the AGM address, he noted the company’s top line growth of 16.3 per cent to $811.4 million. Its licensing solutions business saw the most growth at 35 per cent to $483 million.

Its product revenue was up 17.5 per cent and services up 9.7 per cent. Its balance sheet remained strong with assets increasing to $32.5 million at end of June 30, 2012 compared to $30.2 million in the previous year.

"The 2012 financial year saw continued difficult economic conditions that have now been with us for far longer than ever previously experienced by the company. Even in this context, the 2012 results are second only to the previous year," Data#3 chairman, Richard Anderson, said in the address.

EDGE 2015:: For all the latest on EDGE 2015 including the keynote speakers visit the EDGE mini-site now

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags Data#3

Upcoming

Slideshows

IN PICTURES: Intalock celebrates five years (+14 images)

IN PICTURES: Intalock celebrates five years (+14 images)

Data solutions specialist Intalock recently held its fifth anniversary party at X in Brisbane, which saw local resellers enjoy cocktails with a coy Casino Royale theme. Photos by Aaron Jamieson.

IN PICTURES: Intalock celebrates five years (+14 images)
IN PICTURES: Citrix Mobility Conference 2015 (+27 photos)

IN PICTURES: Citrix Mobility Conference 2015 (+27 photos)

Attendees pack the Hilton Hotel in Sydney to talk all things mobility and a bit of virtualisation for good measure. Partners and end users were able to get a glimpse of the new innovations from Citrix, demonstrations and meet other vendors in the Solutions Showcase.

IN PICTURES: Citrix Mobility Conference 2015 (+27 photos)

iasset.com 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.

Show Comments