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DATA#3 LIMITED — Earnings Release 2012
Jan 24, 2012
64791_rns_2012-01-24_e9b8cbe9-5d44-4a0d-b848-4dcade8376aa.pdf
Earnings Release
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MARKET RELEASE
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Data[#] 3 projecting first half revenue growth with profit ahead of long term trend
Summary:
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Revenue growth of 15% for the six months ended 31 December 2011 (1H12), well ahead of overall industry growth in an uncertain and hence competitive environment
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As flagged previously, significant investment to support growth saw expenses increase against pcp
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1H12 NPAT expected to be approximately 9.5% lower than the exceptionally high pcp, but well ahead of the long term trend.
BRISBANE, Wednesday 25 January 2012 : Australian Information and Communications Technology leader Data[#] 3 Limited (ASX: DTL) today confirmed that its financial performance for 1H12 was expected to be consistent with previous guidance.
At its Annual General Meeting on 8 November 2011 the company forecast that 1H12 profit was not expected to vary materially from the exceptionally strong 1H11 result, with solid revenue growth offset by slightly lower margins and higher levels of growth investment.
In an uncertain and competitive market, revenue is expected to increase approximately 15%, well ahead of overall industry growth. Data[#] 3’s revenue growth was driven by solid growth in software product and support services. While subject to audit, 1H12 after tax profit is expected to be $7.2 million, approximately 9.5% below the exceptionally high 1H11 result, but well ahead of the long term trend.
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First half NPAT trend
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1H06 1H07 1H08 1H09 1H10 1H11 1H12
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“This is a very solid first half result, consistent with our expectations and ahead of the trend of recent years,” commented Data[#] 3 Managing Director, John Grant. “Data[#] 3 has achieved strong growth in revenues during a period of challenging industry dynamics. 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. This has impacted the performance of our Product and Integrated Solutions
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MARKET RELEASE
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businesses. However, sentiment toward and hence growth of our Software Licensing, Managed Services and People Solutions businesses has remained positive.
“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. Pleasingly, the result is ahead of the historic long term profit growth trend. On balance, we see this as a very good outcome that positions Data[#] 3 well for the full year,” Mr Grant said.
The final first half results and interim dividend will be announced on 20 February 2012.
ENDS
For additional information contact:
| John Grant Managing Director Tel: 1300 23 28 23 Mob: 0411 429 930 Email: [email protected] |
Brem Hill Chief Financial Officer & Company Secretary Tel: 1300 23 28 23 Mob: 0411 887 182 Email: [email protected] |
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About Data[#] 3
Data[#] 3 Limited [ASX: DTL] is a national Information and Communication Technology (ICT) solutions company.
Data[#] 3 provides market leading expertise in:
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Software licensing, software asset management and workforce productivity solutions to optimise and manage the acquisition and use of software licensed in volume from global manufacturers;
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Integrated solutions to design and deploy hardware and software infrastructure across the desktop, network and data centre;
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Product solutions for procuring, configuring, rolling-out and disposing of technology cost effectively;
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Managed services to provide outsourced solutions for infrastructure operations, support and maintenance;
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People solutions to provide contract and permanent recruitment and human capital performance management.
Data[#] 3’s customers cover a wide range of industries including banking and finance, mining, tourism and leisure, legal, healthcare, manufacturing, distribution, government and utilities located throughout Australia and Asia Pacific.
Data[#] 3 reported revenues of $697 million in the 2010/11 financial year and has approximately 1,000 permanent and contracted employees. The company is headquartered in Brisbane, and has offices located in Sydney, Melbourne, Canberra, Adelaide and Perth.
More information about Data[#] 3 and its solution offerings is available at http://www.data3.com.au
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