Data#3 flags acquisitions for growth

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Data#3 flags acquisitions for growth

ASX-listed Data#3 has reported a record net profit after tax of $10.9 million for the year ending 30 June 2010, up 11 percent over the previous corresponding period.  

All geographies performed well, according to the company's financials, with overall revenue up 13 percent to $599.2 million and earnings before interest, tax, depreciation and amoritisation up 12.4 percent to $16.3 million.

Data#3 managing director John Grant said business confidence improved in financial year 2010 compared to 2009 but there was a continued "constraint" in ICT expenditure.

"Strong growth both in revenue and profit is testimony to the confidence of our customers, the capability of our people and the support of our partners," he said.

Data#3's vendors partners include, Microsoft, HP, Cisco, Symantec and Adobe.

Meanwhile, the national ICT services provider has flagged acquisitions as a possibility for growth this financial year and delivering organic growth ahead of the market in all areas of the business.

"Our overall objective is too improve on the performance of 2010," Grant said.

Further reading:

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