Data#3 forecasts revenues to exceed $200m

Data#3 forecasts revenues to exceed $200m

National services integrator, Data#3, is tipping a record full-year result of $230 million, with EBIT of $7.6 million.

The forecast is a 16.5 per cent increase on revenues of $197 million for the previous financial year, as well as a 38 per cent increase in EBIT.

Managing director, John Grant, said its ability to provide mainstream products and services from leading vendors such as Microsoft and Cisco to a broad cross-section of the market had fuelled company growth.

He highlighted its recruitment, licensing and project-based integration services as key ingredients.

Data#3 also had a successful year in select outsourcing and data hosting, Grant said.

The bullish full-year forecast follows a disappointing performance across its commoditised products business in the six months to December 31.

"We had a number of contracts which were under question in the first half. We had to win those contracts to maintain revenue in that area," he said. "We have been successful in most of those and have won others as well."

These included deals with Queensland Health to provide Cisco networking equipment and services, as well as securing the next leg of an HP desktop contract with Brisbane City Council.

"We have also got a good margin mix of commoditised products with others such as communications, middleware applications and our enterprise infrastructure business," Grant said. "This will actually increase our margins year-on-year."

Data#3 would continue to bring on new staff, as well as improving the skills of existing employees to drive future growth.

"It's an exceptionally competitive market for [employing and retaining] good people. We have won our fair share and lost a couple," he said.

Data#3 has also announced its intention to buy-back up to 10 per cent of ordinary shares. The company attributed this decision to its stronger financial position.

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