Data#3 reported that it had an all-round positive in the first half year, with all business units and regions making strong contributions despite the uncertain operational environment.
For the six months ending December 31, 2021, the Australian IT solutions provider recorded net after-tax revenue of AU $ 12.4 million, up 32% year-on-year from last year’s reported AU $ 9.4 million.
Revenue reached AU $ 999 million, following a 17% increase.
According to the company, revenue growth was underpinned by solid public cloud revenue, which rose 35% to AU $ 466.7 million as major organizations and government departments transitioned to cloud-based infrastructure. It contributed 47% to total revenue.
As the company continues to take contracts with large government corporate customers, recurring revenue has grown from 62% to now making up 65% of total revenue.
In breaking down the revenue results of business units, the largest contributor was AU $ 648 million from software solutions, which experienced a 20.5% year-on-year bump, followed by infrastructure solutions that remained stable contributing AU $ 205 million to total revenue.
The business unit that experienced the biggest increase in half a year was business aspect consulting, which experienced a 68.4% year-on-year boost to AU $ 13 million.
“We are pleased with the strong performance in the first half, showing a solid contribution from each of our business units and regions. This is reinforced by the enthusiastic implementation of our strategy as we grow our software businesses. and service and recurring revenue base, ”Data #3 CEO and managing director Laurence Baynham said.
“We have maintained a strong level of service with our large, long -term customer base while further strengthening core supplier relationships through our highly experienced and dedicated team.”
Within half a year, Data#3 also increased its number, mainly in service groups, by 10% compared to the previous corresponding period. This was reflected in a 14% year-on-year jump to AU $ 87 million in total staff and operating costs for the reporting period.
Data#3 noted that while the company continues to experience a backlog due to global chip shortages, the impact is minimal.
“Together with its customers and suppliers, Data#3 adapts to ongoing shortages and delays in the supply chain, with early ordering and contingency planning being widely adopted, resulting in a return to more predictable activities. in business, ”the company said.
In the future, the focus for Data#3 will be securing additional digital transformation projects, specifically in software and services, Baynham said, while also navigating the uncertain operating environment.
“Continued supply constraints caused by the global shortage of computer chips and integrated circuits are expected to continue until FY23, however, the industry will adapt to these longer lead times, thus minimizing their impact. “opportunities it provides by working closely with customers and suppliers and harnessing the strength of our vendor relationships,” he said.
“While our strong trading performance continued at the beginning of the second half, as pandemic -related uncertainties remain, at this stage it would not be prudent to provide specific guidance for FY22.
“Consistent with previous years, we continue to expect highest sales in the months of May and June and a higher revenue skew in the second half, and to deliver sustainable revenue growth.”