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Data#3's healthy profit

Data#3's healthy profit

Australian integrator Data#3 announced last week its annual profits are up 15 per cent with total revenues clocking in at over $133 million, an increase of over 100 per cent on the previous year.

Data#3 secured a net profit after tax of $2,562,000, up from $2,234,000 last year.

The announcement follows the company's acquisition of CICtechnology in October last year, which has contributed to the result.

Including CIC's contribution, product revenue rose 84 per cent and services revenue is up 134 per cent on the previous year.

John Grant, Data#3's MD, said he is pleased with the result considering the work done to integrate the two companies.

"We met our acquisition objective of maintaining earnings per share [20.8 cents, compared with 20.2 cents last year] on the increased post-acquisition capital base, and expect the acquisition to impact positively on our bottom line in the current financial year," he said.

According to the company, its office number has grown in line with financial growth to include Brisbane, Sydney, Melbourne, Canberra, Gold Coast and Gladstone, with support staff in Adelaide and Perth.

Data#3 has also recently signed a number of outsourcing contracts with such companies as the Bank of Queensland, Queensland Health, and Tasman Building Products and Hettich in NSW, which contributed to the annual results.


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