Data #3 reports 6.8 per cent revenue drop
- 20 February, 2013 12:48
- Comments
ASX-listed system integrator Data #3 (ASX:DTL) has reported a 6.8 per cent revenue slide for the first half of 2013 to $406.2 million, compared to the same period last year.
The company blamed the drop on a change in timing of some licensing contract renewals and challenging market conditions, which have hampered hardware and services revenues.
Product revenue decreased by 9.7 per cent to $338.6 million while services revenue increased by 12.7 per cent to $66.6 million.
Data #3’s net profit after tax fell by 5.1 per cent to $6.8 million following a 2.2 per cent increase in staff costs to $44.7 million and other operating expenses rising by 19 per cent to $8 million.
Data #3’s managing director, John Grant, said the first half result was “slightly ahead” of the company’s plan, mainly due to the performance of its licensing business and its largest ever infrastructure contract with Perth’s new Fiona Stanley Hospital.
“We see the uncertain market conditions in both the private and public sectors continuing for the remainder of this financial year,” he said.
“Under these circumstances we are not in a position to provide guidance for the full year and we will keep shareholders informed.”
Recommended
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.
- Bookmark this page
- Share this article
- Got more on this story? Email CIO
- Follow CIO on twitter
-
Solving the skills conundrum – part 1
-
Australia suspected to have PRISM data: Ludlam
-
Australia Post’s mail business to lose $200 million this year
-
Australia Post’s mail business to lose $200 million this year
-
Microsoft's ambivalence about Office on the Web gives Apple shot with iWork on iCloud
-
IDC Insight: Saving Time and Money with Savvy Use of Flash in Automated Storage Tiering
Storage optimisation and Flash technologies are here to stay. There is also no doubt that unprecedented data growth will continue to strain organisations everywhere. Download this IDC whitepaper to learn more about the cost-effective solution that has helped many organisations increase the productivity of their storage resources. -
Data Centre Physical Infrastructure: Optimising Business Value
To stay competitive in today’s rapidly changing business world, companies must update the way they view the value of their investment in data centre physical infrastructure (DCPI). This whitepaper discusses how companies can succeed in a changing global market. Read now. -
McAfee Complete Endpoint Protection - Business
McAfee makes endpoint security painless for users and easy and efficient for IT. Built for strength, speed, and simplicity, McAfee Complete Endpoint Protection - Business suite helps growing organisations get Internet security right, from turnkey installation to rapid response. Find out more.
Get exclusive access to Invitation only events CIO, reports & analysis. 
