Data#3 financial results: cautious but positive

Data#3 financial results: cautious but positive

Post revenue growth of 15 per cent , up to $435.8 million for first half

Data#3’s finalised results for the first half of its 2012 (1H12) financial year are in line with the expectations it had previously posted.

The company posted revenue growth of 15 per cent for the period.

That growth is up to $435.8 million for the half, which the company attributes to strong growth in software products, managed services, recruitment and contracting revenues.

Net profit was down 9.5 per cent, but that is on what Data#3 attributes to an “exceptionally high 1H11”.

The company reminded shareholders via a press release that it enjoys a strong cashflow and balance sheet with no material debt.

In the release, Data#3 managing director, John Grant, made a cautionary statement with regards to the rest of the year: “We see the uncertain conditions that marked the first half continuing at least for the remainder of this financial year.

"Under these circumstances we are not in a position to provide guidance for the full year and we will keep shareholders informed,” he said.

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