Growth across all divisions and geographies has led ASX-listed Data#3 to post a record first half net profit after tax growth of 68 percent to $7.9 million.
For the half ending 31 December, Data#3's earnings before interest tax depreciation and amoritisation (EBITDA) grew 57 percent to $10.7 million and earnings before interest and tax (EBIT) grew 62 percent to $10.3 million.
Managing director John Grant said while the market remained “very competitive and price led", he was "pleased" to see growth in all geographies, specilisations, products and service segments.
Hardware and software product revenues grew 22 percent to $324.8 million. This strong growth reflected the "diminishing number" of resellers in this segment and the investment Data#3 continues to make, the company stated.
Service revenue grew very strongly to $51.6 million, up 31 percent.
Project-related professional services around Microsoft, Symantec, VMware and Cisco grew 58 percent, and managed services was up 21 percent.
In terms of specialisations, infrastructure solutions grew 24 percent to $138 million, revenues in the licensing business grew 22 percent to $219.9 million and people solutions revenue grew 21 percent to $18.4 million.
Grant said the company’s objective for the second half was to at least equal the performance of the previous corresponding period despite some shift in revenue and interest income to the first half and increases in internal investment in the second half, particularly on new premises and systems.
The company said it had a strong balance sheet with no borrowings.
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