Menu
Data#3 first half revenue and net profit take a dip

Data#3 first half revenue and net profit take a dip

Net profit decreased 5 per cent to $6.8 million

Data#3 has reported a net profit decrease of 5 per cent to $6.8 million for the half year of FY13, ending December 31. Compared to the same time last year, the Queensland-based company's NPAT was $7.2 million.

Revenue also dipped 7 per cent to $406.2 million. In a statement to the ASX, Data#3 said this reflected a change in timing of some licensing contract renewals and the continuation of challenging and competitive market conditions.

Product revenue decreased 9.7 per cent to $338.6 million, however services revenue increased 12.7 per cent to $66.6 million.

The uncertain investment environment and government spending cuts have contributed to ongoing project delays, constraining hardware product revenues, project services and contracting revenues, Data#3 said.

Offsetting this was its largest infrastructure contract for the supply of Cisco networking equipment to Perth’s Fiona Stanley Hospital, which had a positive impact on product and maintenance service revenues.

It also stated it maintains a strong balance sheet with no material debt.

Revenue and earnings for the six months were consistent with the guidance provided at the company's AGM address in November, Data#3 stated.

"The first half result came in slightly ahead of our plan largely due to a solid performance from our Licensing Solutions business and the contribution from the Fiona Stanley Hospital contract," Data#3 managing director, John Grant, said.

Grant expects uncertain market conditions experienced in both private and public sectors will continue for the remainder of this financial year.

"Under these circumstances, we are not in a position to provide guidance for the full year and we will keep shareholders informed," he said.

More to follow

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags Data#3John Grantfinancial results

Slideshows

IN PICTURES: Mitel A/NZ Channel event Sydney (+23 photos)

IN PICTURES: Mitel A/NZ Channel event Sydney (+23 photos)

Unified communications company, Mitel, invited its top 30 partners in A/NZ to the Intercontinental Hotel in Sydney’s Double Bay. This is the first time the broader A/NZ Mitel channel community have been together since the company re-branding back in October 2014, post Aastra acquisition. ARN received an invite to join attendees for drinks and canapés on the hotel rooftop as Mitel and its partners toasted their recent success.

IN PICTURES: Mitel A/NZ Channel event Sydney (+23 photos)
IN PICTURES: ARN Emerging Leaders Think Tank, Sydney (+40 photos)

IN PICTURES: ARN Emerging Leaders Think Tank, Sydney (+40 photos)

Twenty-one industry leaders came together with ARN staff for an Emerging Leaders Think Tank, held at The Bottle Shop in Sydney​. The aim of the planning session was to develop a compelling program for high potential leaders in the Australian ICT industry.​ Over two hours of strong debate a core line of thought evolved which will form the basis of the Emerging Leaders Forum to be held on May 17 in Sydney. Photos by MARIA STEFINA.

IN PICTURES: ARN Emerging Leaders Think Tank, Sydney (+40 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