Data#3 on track for bumper year

IT services provider Data#3 expects its $599 million revenue from the last financial year to beat analysts' expectations when it releases its results at the end of next month.

Managing director John Grant (pictured) said the ASX-listed solutions company based in Brisbane expected to log a 13 percent uptick in revenue and profit on the previous financial year.

Data#3 said earnings before income and tax, a key measure of profitability, rose to $15.2 million on the previous financial year; analysts expected $14.3 million to $14.7 million, the company said.

"We're very happy with this result particularly given the increasing share coming from all regions outside Queensland" Mr Grant said.

"At the half year we expected a more difficult second half and advised that our objective was to at least equal the earnings result of the previous year.

"We are delighted that we've managed a particularly strong finish to the year. While the auditors still have to complete their review, we anticipate our full year profit after tax will be up around 11 percent on the previous corresponding period."  

Earnings for the first half of FY2010 were $6.4 million on revenue of $306.7 million; in the 2009 financial year Data#3 booked revenue of $530.5 million and EBIT of $13.4 million.