Data#3 anticipates growth in a challenging climate

Data#3 anticipates growth in a challenging climate

Integrator expects revenue growth of 15 per cent for the six months ending December 31, 2011

Data#3’s upward trajectory continues, with the Brisbane-based integrator forecasting first half revenue growth.

The integrator is anticipating revenue growth of 15 per cent for the six months ended December 31, 2011, which it claims is “well ahead of overall industry growth.”

It is also quoting an expectation that profit is expected to be 9.5 per cent down on the previous quarter, but “well ahead of the long term trend”.

In a statement, Data#3 managing director, John Grant, said, “This is a very solid first half result, consistent with our expectations and ahead of the trend of recent years.

"Data#3 has achieved strong growth in revenues during a period of challenging industry dynamics. This performance is indicative of the company’s continuing ability to win market share.”

The greatest impact of the uncertain global financial market and local political issues was on the business’ product and integrated solution’s business, the Data#3 statement claimed.

However, this was offset by growth in software licensing, managed services and the people solutions business.

The full first half results will be announced on February 20.

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