Data#3 reports strong revenue and profit increases

Data#3 reports strong revenue and profit increases

ASX-listed integrator and services provider reports 16.5 per cent profit increase for the half-year

Data#3’s half-year results show a strong period of growth for the integrator at a time when many others struggled.

Revenue from ordinary activities was up 33 per cent for the half-year to December 31, reaching $306.7 million. Product revenue increase by 40 per cent to $266.8m, while services revenue increased a modest one per cent to $39.4m.

In a statement to the ASX, Data#3 claimed the increase in product revenue was buoyed by timing changes for major software licensing contracts, as well as strong growth in product solutions revenue.

The services revenue reflected the fall in contract and recruitment revenues offset by strong growth in project and manages services, according to the company.

Over the six-month period, net profits increased by 16.5 per cent to $6.8m. The growth occurred during the same period that saw other integrators, such as Leading Solutions and S Central, struggle and ultimately collapse.

The results posted are also in line with forecasting and results released in January. At the time, Data#3 managing director, John Grant, said he was nonetheless cautious about the second half.

“Our view remains that the constraints implicit in 2009 will continue. We had good pre-tax profit and revenue growth, but I think that was the result of marketshare growth,” he told ARN.

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