Data#3 declares dividend
Data#3 has announced it will reward shareholders with a fully franked dividend of 7.5 cents per share after a strong operating performance. With a full year net profit after tax of just under $2.26 million, and earnings per share of 15.5 cents, total dividends represent about 65 per cent of profits available for distribution. CEO, John Grant, said the company was dishing out a “just reward” for those shareholders that stuck by the company during a difficult period. Data#3 highlighted support from various channel partners such as Microsoft, HP, Tech Pacific and Ingram Micro, for allowing the company to exit the poor financial situation by December. Full year dividends to shareholders will be 10 cents per share.
CDC acquires PKIS
Sydney-based IT services business, PK Information Systems (PKIS), has been acquired by CDC Australia on an earn-out basis over the next three years. The deal adds several New South Wales government clients to the application development and business intelligence clients of Praxa, an outsourcing professional services provider acquired by CDC Australia in January. “PKIS has specialised capabilities in the areas of business intelligence and .NET application development that will immediately benefit our existing clients,” Praxa chairman, John Clough, said. “Praxa brings the advantages of scale and a broader range of capabilities to existing and new PKIS clients.” PKIS joint-principal, Liz Poy, said all staff would be retained in their current roles and it would be “business as usual” in terms of front-end service delivery.