Data#3 upgrades profit forecast

ASX-listed integrator Data#3 has increased its profit forecast from about $11 million to $11.6 million for the first half of the 2011 financial year.

The revised forecast represented a 70 percent increase on last year's first half profit of $6.8 million. Revenue was expected to increase about 23 percent.

However, the integrator cautioned shareholders against projecting the first half results as an indication of  the second half. 

Chief financial officer Brem Hill told CRN that while the company historically performed better in the second half than the first half, the "skew has lessoned and the second half is balanced with the first".

"We don't want people to think the second half would be stronger," he said. 

Further, Hill said costs were higher in the second half due to increased headcount and increased facilities.

"There will be more people related expenses," he said. 

The company was also yet to asses the impact of the Queensland floods. 

The results will be announced on February 21.