IT services provider Data#3 has announced pre-tax profit will be lower in its 2012 financial year, citing difficult economic environment and the tendency for customers to delay major IT projects.
The Brisbane-based ICT supplier expects pre-tax profit in the range of $18.5 million to $19.5 million, compared to $21.8 million in pre-tax profit in last fiscal.
Data#3's stock was up 6.5 per cent at $1.06 in Friday afternoon trading.
Data#3 managing director, John Grant, said that the profit was consistent with the long term trend. It has achieved steady revenue growth in a period of “challenging industry dynamics.”
Data#3 saw $697 million in revenues for its 2010-11 financial year, up 16% from the previous year.
It has about 1000 staff.