ASX-listed integrator, Data#3 (ASX: DTL), has bucked the economic downturn and reported a strong finish to the financial year.
According to an ASX statement, full-year revenue to June 30 should hit $530 million, in line with guidance figures. This is up from $364 million recorded in the 2008 financial year. Pre-tax profits are expected to reach $13.2 million, up 9 per cent year-on-year.
Data#3 managing director, John Grant, said net profit was also anticipated to be up 8 per cent year-on-year.
“This result is exceptional, especially given market conditions,” he said in the statement. “At the half year we expected a more difficult second half and advised that our objective was to at least equal the earnings result of the previous year.”
Grant told ARN the significant revenue gain, coupled with a couple of big customer invoices and market share growth, all contributed to the positive result. Datat#3’s audited full-year results will be announced on August 24.
“Our top-line revenue growth was very strong. We attribute that to market share growth and effectiveness on finding opportunities,” he said. “We have a very aggressive coverage model and are working with customers as positively as we can. It’s not anything miraculous.
“We are well positioned with our key vendors, have good access to market through them, and are working positively.”
Grant said customers were under their own financial constraints and as a result, wanted to deal with fewer suppliers to reduce risk.
“We have built strong customer relationships over the years to get through these sorts of tough times. Customers want to deal with less suppliers and people they know and trust,” he said. “All together, these things create a point of difference for Data#3.”
. Its net profits were also up 9 per cent to $4 million.