Data#3 is expecting another year of record financial results for the 12 months to 30 June 2010.
The ASX-listed IT services provider (ASX:DTL) announced it expects revenue growth of 13 per cent to $599 million and EBIT of $15.2 million, also up by 13 per cent.
In a statement to the ASX, Data#3 managing director, John Grant, said the company was pleased with growth outside of its home state of Queensland.
“At the half year we expected a more difficult second half and advised that our objective was to at least equal the earning result of the previous year,” he said. “We are delighted that we’ve managed a particularly strong finish to the year.”
The result is somewhat of a turn around after the company flagged challenging times ahead as it dealt with a decline in the government sector and a number of internal challenges.
In the company’s report for the half year to 31 December 2009, the ICT services provider said it was facing pressure on the commodity parts of its business — particularly in software licensing — and a lack of investment in hardware.
“We expect capital investment in new hardware, especially in the data centre, to remain flat due to general, market constraints and a continued shift to outsourcing,” the report read.
“While Licensing Solutions remains the national leader, the market in which it operates is increasingly commodity based and has come under considerable pricing and competitive pressure.”
Staff retention, and the company’s own internal IT transformation, was also a challenge.
The comments followed strong overall revenue growth at the company of $306.7 million for the half year to 31 December 2009, up 33 per cent from $230 million a year ago.