Cloud growth boosts Data#3 first half revenue to AU$644m

| February 20, 2019

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Australian business technology firm Data#3 has boosted its public cloud-based revenue by 66 percent during the first half of 2019, with cloud comprising AU$143 million of the company's total AU$644 million revenue. Product revenue accounted for AU$532 million of the total revenue reported for the six months to December 31, 2018, while services revenue grew by 11 percent over the same period a year prior to AU$111 million.Despite gross profit growing 14.7 percent to AU$82.3 million, net profit after tax was AU$6 million, with total expenses itemised as AU$74 million.Data#3 boasts nine offices across Australia and Fiji, three integration centres, and three data centres.In presenting its first-half results, Data#3 told the Australian Securities Exchange that digital transformation initiatives underway by customers had boosted its revenue growth.

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