January 27, 2012Solid growth in software product and support services will help drive up first-half profits for leading Queensland ICT company, Data#3.
The Brisbane-based company has this week confirmed previous guidance of $7.2 million NPAT for the six months ended June 30, 2012.
Aside from an exceptionally high result recorded for the first half of the 2011 financial year, Data#3’s NPAT growth is well ahead of its long-term trend.
In an uncertain and competitive market, revenue is expected to jump by 15 percent, well ahead of overall industry growth.
Commenting on the results, Data#3 Managing Director John Grant says the company has achieved strong growth during a period of “challenging industry dynamics”.
He says that this performance is indicative of the company’s continuing ability to win market share.
“The market uncertainty caused by global financial and local political issues is causing some customers to defer capital expenditure for hardware product, and others to delay strategic transformational decisions and their associated IT services projects.”
While this has impacted on the performance of Data#3’s Product and Integrated Solutions businesses, Grant says that sentiment towards its Software Licensing, Managed Services and People Solutions areas has remained strong.
“With the foreshadowed higher levels of investment, profit for the first half of the 2012 financial year has not varied materially from the exceptionally strong result in the first half of the 2011 financial year,” he says of the almost $8 million result.
“On balance, we see this as a very good outcome that positions Data#3 well for the full year.”
