Data#3 reveals cost of 'difficult' FY12

By Allie Coyne on Jun 15, 2012 9:09 AM
Filed under Software

"Good result" in current climate.

Data#3 today forecast it would bring in around $19 million in pre-tax profit for its financial year 2012.

The results would represent a drop of approximately $3 million on the previous financial year. Data#3’s net profit before tax in FY2011 came in at $21.8 million, a 38 percent jump on FY2010.

The company said the result is consistent with a “long-term trend” which has seen its pre-tax profit increase each year since FY06, despite coming in below the 'unseasonably' high FY11.

The audited results will be announced on August 24.

“This is a very good result considering the difficult economic environment and the resulting tendency for our customers to delay major IT projects,” managing director John Grant said in a statement to the ASX. 

The forecast falls follows a half year drop in net profit of almost 10 percent. Data#3 reported net profit after tax of $7.2 million, blaming “increasingly uncertain” customers in the hardware and project services markets.

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Data#3 reveals cost of 'difficult' FY12
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