The dust may still be settling from some of the effects of the GFC, but these Australian companies put on a stunning performance as shown in their FY10 results – profit wise.
The Queensland-based integrator, Data#3, is now on the look out for acquisitions after posting positive FY10 results. It increased its revenue by 13 per cent, raking in $599.2 million and posted $10.9m net profit, which was up by 11 per cent year on year.
The integrator recently bought another SAP integrator and expects FY11 to be even better than its full year profit for FY10. Net profit was up 9 per cent to $12.3 million.
The distributor cited it had experienced a tough second half of FY10, due to the challenges presented by the Oracle / Sun acquisition. itX still managed to pump up its net profit by 3.8 per cent to $7.58 million.
IT services company, DWS Advanced Business Solutions, expressed caution mid-year citing uncertainty caused by the federal and state elections as well as the possibility of a second round of the GFC. Despite these concerns, net profit was up 16 per cent to $18.52 million.
After suffering a huge financial blow several years back, IT components manufacturer and distributor, Legend Corporation, is on its way back up. In FY10, it recorded a net profit increase of 45 per cent to $6.6 million.