Data#3: another record profit year

Data#3: another record profit year

Queensland integrator achieves 37 per cent net profit increase to $15 million for FY11, attributes growth to specialisations and geographic reach

Growth across all geographic regions and areas of specialisation contributed towards Data#3’s record net profit increase of 37 per cent to $15 million for the 2011 financial year ending, June 30.

The Queensland-based integrator also recorded a revenue increase of 16.5 per cent to $697.8 million and EBITDA was up 30.4 per cent to $21.2 million.

In a statement, Data#3 chairman, Richard Anderson, said the record results were an indication of management’s success in executing its growth strategy.

“Our product and service offerings have continued to position us competitively to win business in a continuing difficult market,” Anderson said.

“Our ongoing investment in new internal systems has led to improvements in operational efficiency that was one of the drivers for margin growth in FY11.”

Managing director, John Grant, said the record results achieved in FY11 were a direct result of its focused strategy execution.

“We have successfully built a national footprint, developed market leading solutions through partnerships with global IT providers, ensured high levels of customer service and, importantly, developed growing numbers of highly engaged people in Data#3’s teams,” Grant said.

New customer agreements led to hardware and software product revenue growth of 14 per cent to $586.4 million.

Services revenue also grew 29 per cent to $109.8 million.

Areas of specialisation such as software licensing, saw revenue increase 12 per cent to $356.7 million; Infrastructure Solutions also grew 21 per cent to $301.1. This also includes product procurement, integration and managed services.

The People Solutions unit returned to growth with revenue rising 25 per cent to $38.3 million.

Grant said while there was some improvement in business confidence in 2011, sustainability was dependent on stabilising the current uncertain global economic conditions, as well as continued investment by business and government.

In the year ahead, the integrator will place further investment in new premises and systems. In March, Data#3 spent $3.7 million on its new Brisbane headquarters.

Grant also pointed out it will be looking out for partnering and acquisition opportunities.

“We are well placed to continue growing revenues and earnings as we extend our offerings for customers into the cloud, build out new consulting offerings and further automate business processes to increase efficiency and enhance customer service,” Grant said.

Data#3 was trading at $13.15 at the time of publication.

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Tags Data#3John GrantPeople Solutionsrecord net profit

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