Queensland-based services company, Data#3, has posted a 34 per cent increase in after tax earnings for the six months to December 31 and will now look to hire new staff.
Services revenue led the way, growing 34.5 per cent compared to the same period a year ago, according to managing director, John Grant.
In recent times, the business has inked managed services contracts with Brazin Limited, Inco Australia and SparQ Solutions. It has also won procurement agreements with Brisbane City Council, Suncorp Insurance and Queensland Health.
The only slightly disappointing aspect of the results was is its commoditised products business including PCs and servers. But although this market had been in decline for several years, Grant said Data#3 had been able to retain a respectable product business by returning to basics.
"Customers value a well-balanced business and some things currently going on in the market are poor from a customer perspective," he said. "With everyone else manufacturing overseas at the time of order, lead times are long. We've gone back to the time of forward ordering stock once we get a customer commitment and can turn it around in 3-4 days."
Grant said the business was headed for a record full year result and was likely to go on a staff hunt as a result.
"A lot of organisations are in the process of being acquired and a lot of very good people are coming onto the market because of that," he said. "We will be taking advantage of that to hire new leadership and technical people."
Grant said the hires wouldn't necessarily come from redundancies following acquisitions of rival businesses. They could be people who didn't want to deal with the uncertainty of a business under siege and would jump ship beforehand.