Continuing its bid for tier-one integration recognition, Data#3 last week announced a 12 per cent rise in interim net operating profit to $954,322, compared with $850,297 achieved in 1997.
Claiming to be Australia's largest listed IT integrator, Data#3 also proclaimed an interim dividend of 5.5 cents per share and a 39 per cent increase to $42,943,046 in total group revenue for the second half of 1998.
According to Data#3 officials, the main factors contributing to the organisation's financial success were unanticipated product sales of network and mid-range servers, and Microsoft software, as well as major SAP contracts within the Australian SME market.
"Data#3 has gained significant marketshare in the traditional solutions integration area. This is continuing with our results for January showing revenue and profits growth substantially higher than the same period last year," said John Grant, Data#3's managing director. He added that "with the outlook remaining strong, we increased our numbers in the services and sales areas and will realise the full benefits of this in the second half and beyond".
The results came despite the significant internal costs accrued by Data#3's recent acquisition of CICtechnology, which was in process through the half year.
But this latest profit announcement didn't come without its hiccups. Data#3 revealed that its Gold Coast operation was a major disappointment with officials citing "a general weakening of the market and service desk solutions" for the poor results.