Data#3 Exploration Update
2008-11-12 10:16:00+10:00
MARKET RELEASE Data#3 on track to better 2008 half year result Anticipates improving interim dividend to shareholders BRISBANE, Wednesday 12th November 2008. Data#3 has issued similar announcements two times before, most recently about 0 minutes ago on Friday 11 July 2008. The announcement 'DTL `on track` to better 2008 half year result' was issued to the ASX on Wednesday 12 November 2008. [Notice Type: Exploration Update]
2008-11-12 10:16:00+10:00
MARKET RELEASE Data#3 on track to better 2008 half year result Anticipates improving interim dividend to shareholders BRISBANE, Wednesday 12th November 2008. Data#3 has issued similar announcements two times before, most recently about 0 minutes ago on Friday 11 July 2008. The announcement 'DTL `on track` to better 2008 half year result' was issued to the ASX on Wednesday 12 November 2008. [Notice Type: Exploration Update]
DTL `on track` to better 2008 half year result
Wednesday 12 Nov 2008
MARKET RELEASE
Data#3 ‘on track’ to better 2008 half year result
Anticipates improving interim dividend to shareholders
BRISBANE, Wednesday 12th November 2008. The Board of Directors of Data#3 Limited (ASX:DTL) today announced at the Annual General Meeting that the company is on track to improve its first half financial performance over the outstanding FY07/08 result. Chairman Richard Anderson confirmed that the first quarter result was ahead of plan and the forecast for the half year is on track to exceed the exceptional result of the previous first half. “We expected and are experiencing restraint in customer investment and higher levels of market competition and these are materialising as pressure on pricing and margins as we forecast in our annual report. However, we have a diversified business with much of our revenue under contract and at the end of the first quarter we are on plan and our first half is expected to better last year’s,” he said. Managing Director John Grant commented that the significant expansion the company had undertaken in the latter part of 2008 had positioned it for strong increases in revenue in 2009. “While margins and profit will come under pressure in the short term, businesses that can grow the top line in a difficult market will be the best positioned to succeed even further as the market improves. We have proven over a long time that we can do this and expect to complete the half year with revenue increasing over the corresponding period by near to 50%” he said. He also indicated that “In the months ahead, with the pressure on profitability that comes in the market we are experiencing, we believe there will continue to be consolidation within the sector that will translate as opportunities for well funded and managed businesses like Data#3”. Mr Anderson also acknowledged Managing Director John Grant’s induction into the ICT Industry Hall of Fame at the recent Australian Reseller News IT Industry Awards. “The Hall of Fame has been established to recognise individuals who have done outstanding work over a long period of time and inductees are chosen by their peers across the industry. I’m very pleased to acknowledge his induction,” he said.
Data#3 Email Alerts facility
You can now stay up to date with Data#3’s business activities by registering to receive Email Alerts. This facility will automatically notify you via email each time Data#3 releases company news and information. To join Email Alerts, simply fill in your details in the Investor section on Data#3’s website (http://www.data3.com.au) and select which information you would like to receive.
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About Data#3
Data#3 Limited [ASX: DTL] is a national Information and Communication Technology (ICT) solutions company. Customers utilise Data#3’s expertise to deliver exceptional value in: • Software licensing and software asset management solutions to optimise and manage the acquisition of productivity and security software in volume, predominantly for desktop and networking environments • Infrastructure solutions to design, deploy and operate desktop, network and data centre hardware and software infrastructure as the foundation for productivity and corporate software applications • People solutions providing contract and permanent recruitment and human capital performance management. Data#3’s customers cover a wide range of industries including banking and finance, mining, tourism and leisure, legal, healthcare, manufacturing, distribution, government and utilities that are located throughout Australia and Asia Pacific. Data#3 reported revenues of $364 million in the 2007/08 financial year and has approximately 500 employees. The company is headquartered in Brisbane, and has offices located in Sydney, Melbourne, Canberra, Perth, Adelaide, Central Queensland and New Caledonia. More information about Data#3 and its solution offerings is available at http://www.data3.com.au
ENDS
Media Contact - for further information please contact: John Grant Managing Director Data#3 Limited Tel: 1300 23 28 23 Mob: 0411 429 930 Brem Hill Chief Financial Officer Data#3 Limited Tel: 1300 23 28 23 Mob: 0411 887 182
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Wednesday 12 Nov 2008
MARKET RELEASE
Data#3 ‘on track’ to better 2008 half year result
Anticipates improving interim dividend to shareholders
BRISBANE, Wednesday 12th November 2008. The Board of Directors of Data#3 Limited (ASX:DTL) today announced at the Annual General Meeting that the company is on track to improve its first half financial performance over the outstanding FY07/08 result. Chairman Richard Anderson confirmed that the first quarter result was ahead of plan and the forecast for the half year is on track to exceed the exceptional result of the previous first half. “We expected and are experiencing restraint in customer investment and higher levels of market competition and these are materialising as pressure on pricing and margins as we forecast in our annual report. However, we have a diversified business with much of our revenue under contract and at the end of the first quarter we are on plan and our first half is expected to better last year’s,” he said. Managing Director John Grant commented that the significant expansion the company had undertaken in the latter part of 2008 had positioned it for strong increases in revenue in 2009. “While margins and profit will come under pressure in the short term, businesses that can grow the top line in a difficult market will be the best positioned to succeed even further as the market improves. We have proven over a long time that we can do this and expect to complete the half year with revenue increasing over the corresponding period by near to 50%” he said. He also indicated that “In the months ahead, with the pressure on profitability that comes in the market we are experiencing, we believe there will continue to be consolidation within the sector that will translate as opportunities for well funded and managed businesses like Data#3”. Mr Anderson also acknowledged Managing Director John Grant’s induction into the ICT Industry Hall of Fame at the recent Australian Reseller News IT Industry Awards. “The Hall of Fame has been established to recognise individuals who have done outstanding work over a long period of time and inductees are chosen by their peers across the industry. I’m very pleased to acknowledge his induction,” he said.
Data#3 Email Alerts facility
You can now stay up to date with Data#3’s business activities by registering to receive Email Alerts. This facility will automatically notify you via email each time Data#3 releases company news and information. To join Email Alerts, simply fill in your details in the Investor section on Data#3’s website (http://www.data3.com.au) and select which information you would like to receive.
Page 1 of 2
About Data#3
Data#3 Limited [ASX: DTL] is a national Information and Communication Technology (ICT) solutions company. Customers utilise Data#3’s expertise to deliver exceptional value in: • Software licensing and software asset management solutions to optimise and manage the acquisition of productivity and security software in volume, predominantly for desktop and networking environments • Infrastructure solutions to design, deploy and operate desktop, network and data centre hardware and software infrastructure as the foundation for productivity and corporate software applications • People solutions providing contract and permanent recruitment and human capital performance management. Data#3’s customers cover a wide range of industries including banking and finance, mining, tourism and leisure, legal, healthcare, manufacturing, distribution, government and utilities that are located throughout Australia and Asia Pacific. Data#3 reported revenues of $364 million in the 2007/08 financial year and has approximately 500 employees. The company is headquartered in Brisbane, and has offices located in Sydney, Melbourne, Canberra, Perth, Adelaide, Central Queensland and New Caledonia. More information about Data#3 and its solution offerings is available at http://www.data3.com.au
ENDS
Media Contact - for further information please contact: John Grant Managing Director Data#3 Limited Tel: 1300 23 28 23 Mob: 0411 429 930 Brem Hill Chief Financial Officer Data#3 Limited Tel: 1300 23 28 23 Mob: 0411 887 182
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