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Data#3 reports first half revenue of $435.8 million

Data#3 reports first half revenue of $435.8 million

Revenue is up 15 per cent up from 2011

Data#3 managing director, John Grant.

Data#3 managing director, John Grant.

Brisbane-based ICT service provider, Data#3 (ASX:DLT), has reported that its first half of 2012 revenue reached $435.8 million, up 15 per cent from the same period last year.

According to a statement released to the ASX, this performance was driven by a 24 per cent growth in software licensing, a 33 per cent growth in managed services and a 15 per cent growth in recruitment and contracting.

However, an uncertain market saw customer investment in technology projects decline in the second quarter of 2011. Project services and hardware product businesses revenue dropped 18 per cent. As a consequence, group sales margins declined 0.9 per cent.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) was $9.5 million, down 10.7 per cent from last year.

Net profit after tax for the first half of 2012 (1H12) was $7.2 million, 9.5 per cent below the company’s 1H11 result. In August 2011, the company posted net profits after tax of $15 million for the year that ended 30 June 2011.

Data#3 managing director, John Grant, said that in a period of challenging industry dynamics, the company had a solid first half result headlined by strong revenue growth and profit ahead of the trend of recent years.

“We see the uncertain conditions that marked the first half continuing at least for the remainder of this financial year,” he said in a statement.

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

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