Wednesday, 19 August 2020 11:38

Public cloud drives revenue, profit increases for Data#3 Featured

By
Data#3 CEO Laurence Baynham Data#3 CEO Laurence Baynham

Australian listed IT services provider Data#3 increased revenues by 14.9% to $1,625.9 million for the full year 2020 on the back of strong growth in public cloud revenues, which were up by 60.4% to $581.0 million.

The Brisbane-heaquartered Data#3 (ASX:DTL) also returned a net profit after tax (excluding minority interests) of $23.6 million, up by 30.5%, and declaring a final dividend of 8.80 cents per share, bringing the total fully franked dividend for FY20 to 13.90 cents per share - representing an increase of 29.9% and a payout ratio of 90.6%.

Data#3 lists FY20 key metrics as:

  • Revenue up 14.9% to $1.6 billion
  • NPBT up 28.2% to $34.1 million
  • NPAT (excluding minority interests) up 30.5% to $23.6 million
  • EPS up 30.5% to 15.35 cents per share
  • Total fully franked dividend up 29.9% to 13.9 cents per share
  • Strong balance sheet with minimal debt

“We are delighted with the performance of the consolidated Data#3 business, which delivered another record result in what has been an extraordinary year. The result demonstrates the inherent strength and relevance of our solution offerings in an evolving market, and the growth in public cloud was a particular highlight,” said Data#3 Chief Executive Officer and Managing Director Laurence Baynham.

“The non-financial measures indicate the underlying health of the business has continued to strengthen. Our staff and customer satisfaction surveys produced record high results; we succeeded in winning a cross-industry Employer of Choice award for the fifth year in a row; and we were recognised by many of our global partners with national and international awards. In addition, we made headway with a number of our strategic business improvement initiatives.”

Noting that Data#3’s long term objectives are on track, Baynham said, “We remain confident in the company’s longer-term strategy. We have a robust business, no material debt, solid long-term customer relationships, committed supplier partnerships, and a highly experienced and productive team.”

And on the company’s outlook, Baynham said, “Our expectation is that technology will play a major role in Australia’s economic recovery from the pandemic, and we remain well positioned to capitalise on those opportunities”. 

“The timing of the recovery is less certain, and consequently we are unable to provide meaningful commentary on our FY21 outlook at this stage. Our long-term financial goal remains to deliver sustainable earnings growth.”

Data#3’ Chairman Richard Anderson said: “Data#3’s performance both in increased profit and solid underlying cash flow has delivered a significant increase in dividend. Combined with a very strong share price performance, this provides shareholders with an outstanding return for the year.”


Subscribe to ITWIRE UPDATE Newsletter here

Now’s the Time for 400G Migration

The optical fibre community is anxiously awaiting the benefits that 400G capacity per wavelength will bring to existing and future fibre optic networks.

Nearly every business wants to leverage the latest in digital offerings to remain competitive in their respective markets and to provide support for fast and ever-increasing demands for data capacity. 400G is the answer.

Initial challenges are associated with supporting such project and upgrades to fulfil the promise of higher-capacity transport.

The foundation of optical networking infrastructure includes coherent optical transceivers and digital signal processing (DSP), mux/demux, ROADM, and optical amplifiers, all of which must be able to support 400G capacity.

With today’s proprietary power-hungry and high cost transceivers and DSP, how is migration to 400G networks going to be a viable option?

PacketLight's next-generation standardised solutions may be the answer. Click below to read the full article.

CLICK HERE!

WEBINAR PROMOTION ON ITWIRE: It's all about webinars

These days our customers Advertising & Marketing campaigns are mainly focussed on webinars.

If you wish to promote a Webinar we recommend at least a 2 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://www.itwire.com/itwire-update.html and Promotional News & Editorial.

This coupled with the new capabilities 5G brings opens up huge opportunities for both network operators and enterprise organisations.

We have a Webinar Business Booster Pack and other supportive programs.

We look forward to discussing your campaign goals with you.

MORE INFO HERE!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments