ASX-listed integration outfit Data#3 has exceeded expectations for the six-month period ending December 31, 2001. What's more, the company did it with old fashioned product sales, as services revenue remained stagnant.
A pleased John Grant, Data#3's managing director, said the company had taken an "aggressive" approach to product sales while refining procurement and back-office systems to reduce costs. "We went looking for it," he said.
Data#3 focused on restraining the cost of doing business while at the same time selling higher volumes of product. The result saw Data#3's EBITDA exceed $2 million for the first half of the current financial year, compared to a loss of $1.77 million in the first half of 2000/2001.
However, not everything went Data#3's way in the past six months. Data#3's Recruitment Solutions business suffered the effects of a subdued contracting and placement market, which caused it to perform under budget.