Data#3 lifts revenue to $406.4M

Revenue up 1.8 per cent to 31 December, 2014

System integrator Data#3 (ASX: DTL) has recorded revenues of $406.4 million to 31 December last year, up from $399 million in the previous half due to a lift in IT services and product sales.

Total gross profit was $62.4 million, up from $57.4 million last year. Product gross profit was $30.5 million, up from $28.6 million. Services gross profit was $31.8 million, an increase from $28.8 million last year.

Meanwhile, earnings before interest, tax, depreciation and amortisation (EBITDA) was $5.7 million, up from $3.9 million in the first half of 2014.

Data#3’s managing director,John Grant, said the company is seeing early evidence of its shift towards a service-centric business in its return to growth over the past six months.

“Overall, this solid first half result underpins our full year guidance to improve on last year’s net profit before tax of $10.9 million,” he said in a statement.

In June 2014, Data#3 acquired shares in Wi-Fi analytics firm Discovery Technology with full ownership set to be completed by June 2017.

Grant said the acquisition fits with two parts of its business strategy – cloud marketplace leadership and entry into the applications sector.

In December 2013, Data#3 signed a multi-year IT outsourcing deal with Brisbane Airport Corporation (BAC). Under the agreement, the company is providing service desk, desktop, server and infrastructure support along with network management, voice over IP and telephone services.

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