If recent financial figures are anything to go by the ICT industry is warming up and rising above the tough times brought on by the global financial crisis.
Australian spending on technical goods spread its wings in June, reaching 16.2 per cent for the month and 8.8 per cent for the quarter, research firm GfK, said.This result represents its strongest growth this year despite patchy retail results.
Also burning bright was Data#3 (ASX: DTL), who’s record net profit of $9.8 million for the full year to June 30 was the latest in a 13 straight period hot streak of positive financial results. Data#3’s 8 per cent increase on the previous financial year includes a 46 per cent increase in total revenue to $530.5 million. Combined with cash inflows of $19.5 million and no debt the future is bright for Data#3.
Likewise, enjoying growth and hungry for more was Manaccom (ASX: MNL), who saw a 55 per cent increase in revenue to $59 million and an eight per cent increase in net profit to $2.96 million. Despite this the ASX-listed software publisher and distributor stated it is confident it can surpass the 2009 figures and ascend to new heights in the next 12 months.
Meanwhile, ASX-listed wireless broadband provider, BigAir (ASX: BGL) avoided getting burnt with its gamble on WiMax – a technology some had claimed was dying. BigAir’s “On-net” fixed wireless revenue growth grew 36 per cent year on year and the organisation’s EBITDA of $2.1 million was a growth of 203 per cent on the previous year, giving the company a pre-tax profit of $1.3 million for the full financial year.
Supporting the positive outlook was IDC, who said the Australian IT services industry will defy world trends and grow by 4 per cent over the next five years. The declaration was made as part of an IDC report titled, Australia IT Services Market 2009-2013 Forecast and Analysis and predicted companies would continue to spend on ICT and the market would grow at a five year compound annual growth rate (CAGR) of 4 per cent from 2009-2013.
The Australian Bureau of Statistics (ABS) was looking for ICT solutions when it released a request for tender documents for heavy duty devices to scan 80 million double-sided sheets in 100 working days for the Census of Population and Housing to be conducted in August 2011.
The amount of devices needed will be determined during a dress-rehearsal to be run in September 2010 and the two-year contract has been estimated to be $1 million to $1.6 million in value. The tender closes on September 22, 2009.
Also making a comeback was ASX-listed memory manufacturer, Legend Corporation, who reported net profits of $4.6 million for the year to June 30 off total revenue of $90.4 million and despite a drop of 34 per cent year-on-year and a 13 per cent decline off continuing operations.
That’s the good news this week, but check in to Fight Back ’09 for more news to make your spirits soar.