Data#3 meets financial targets

Data#3 meets financial targets

Data#3 has broken the $200 million revenue barrier for the first time, reporting full-year sales of $239.6 million for the year to June 30. This was up by 22 per cent from $197 million the year before.

The Queensland-based integrator's pre-tax profits were also in line with preliminary forecasts, reaching $7.7 million. Net profits totalled $5.7 million.

Managing director, John Grant, said licensing and recruitment had delivered the highest growth. Licensing revenue rose by 35 per cent year-on-year to $81.5 million, while recruitment grew 79 per cent to $24.5 million.

Data#3's commodity business, which includes computer and communications products, also increased by 12 per cent. Cisco kit proved the star performer, with volume shipments rising 50 per cent compared to last year. Overall gross margins had also risen. Grant said its positive result illustrated market buoyancy.

"ICT is now more strategic to organisations and government," he said. "This perception has been in place for the past 18 months. I like to think that if there's a downturn, ICT will remain important."

Grant said the integrator would continue investing in existing services capabilities. He would provide details of acquisitions plans but predicted more rationalisation in the applications space.

"We are expecting some contraction in the market, but it will remain strong," he said. "We believe we can exceed this year's result."

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