Data#3 grows stronger
- 24 February, 1999 13:20
Data#3 divulged a 12 per cent rise in interim net operating profit to $954,322, compared with $850,297 achieved in 1997.
Claiming to be Australia's largest listed IT reseller, Data#3 also proclaimed an interim dividend of 5.5 cents per share and a 39 per cent increase to $42,943,046 in total group revenue for the second half of 1998.
According to Data#3's officials, the main factors contributing to the company's financial success are unanticipated product sales of network and mid-range servers, and Microsoft software, as well as major SAP contracts within the Australian SME market.
"[Data#3] has gained significant market share in the traditional solutions integration area. This is continuing with our results for January showing revenue and profits up substantially over the same period last year," said John Grant, Data#3's managing director, adding that "with the outlook remaining strong, we increased our numbers in the services and sales areas and will realise the full benefits of this in the second half and beyond."
The results came despite the significant internal costs brought in by the acquisition of CICtechnology, which occurred during the half year.
On the downbeat, Gold Coast was named to be the major disappointment for Data#3 with "a general weakening of the market and service desk solutions".