Data#3 posts record FY11 results

The Brisbane-based ICT provider posted a 37 per cent increase in net profits after tax of $15m

Brisbane-based ICT provider Data#3 Limited (ASX:DTL) has posted net profits after tax of $15 million for the year ended 30 June 2011, an increase of 37 per cent on the previous year.

In a statement to the ASX, the company touted the results as the “best ever”, with total revenue increasing 16.5 per cent from $599.2 million to $697.8 million for the 12-month period and were in line with forecasts made in July.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) were 21.2 million, a 30.4 per cent jump from the $16.3 million recorded in the previous period.

Data#3 chairman, Richard Anderson, said the company’s product and service offerings had positioned the company to produce a “record” result in a difficult market.

"In addition, our ongoing investment in new internal systems has led top improvements in operational efficiency that was one of the drivers for margin growth in FY11," Anderson said in a statement.

Data#3 managing director, John Grant, said the results were a direct outcome of a business strategy which encompassed building a national presence, partnering with global IT providers and focusing on customer service.

"In an environment where business confidence saw some improvement but trading conditions were still difficult, our strategy has ensured Data#3 was able to achieve another record set of results ... across all geographic regions and in all our areas of specialisation," Grant said.

In September last year, the company flagged plans to add Cloud services to its services and hardware offering in 2011, which supplied its national customer base with Microsoft’s Business Productivity Online Services (BPOS) software hosted on the Telstra’s Cloud.

It also launched a consultancy business to help define where Cloud-based services could assist customers, and as a driver of sales of its own cloud offerings, Grant said at the time.

In addition, the company’s growth prompted a multi-million dollar supply chain refresh aimed at improving the way the company processed orders, deliveries and invoices, as well as logistics issues such as where the company warehoused stock and located its configuration centres. It also includes developing new services to better integrate the company's supply chain with customers.

“We are now a very significant provider of products into the market… so we have traditional supply chain issues and supply chain opportunities,” Grant said.

“Our business has grown to the point where we have needed to refresh that whole area and that is why we are making a significant investment.”

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