Outstanding revenue growth in Software Licensing underpins expected improvement in performance for the full year
BRISBANE, Australia – 22 February 2008 – Data#3 Limited [ASX:DTL] today declared a record interim profit with the announcement of results for the half year ending December 2007. Following an increase of 22% in the after tax earnings for the first half over the previous
corresponding period, the Board of Directors of Data#3 Limited declared a fully franked interim dividend of 18.0 cents per share to be paid on 28 March 2008.
“We are delighted to continue the run of ‘best ever’ performances we have delivered over the past five years. The interim dividend of 18.0 cents per share is an 29% increase on the previous corresponding period and, in a market where the balance between skills and costs
remains delicate, and in which customers are increasingly looking to get more for their ICT investment, we are well placed to exceed the performance of the previous year,” commented Richard Anderson, Chairman of Data#3.
|Revenue by area of specialisation:|
|Software Licensing Solutions||$49,817||$62,371||+25%|
|Earnings per share||19.46 cents||23.92 cents||+23%|
|Dividend per share||14.0 cents||18.0 cents||+29%|
Commentary on Performance
For the company overall:
For our areas of specialisation:
“Our performance in this first half has once again been nothing short of excellent particularly in the light of the demand driven labour market and the consequent pressure on costs,” said Data#3’s Managing Director John Grant. “There is potential for the market to tighten in the second half as the global finance sector issues play out and our focus has been to recruit key management and sales professionals to increase our market coverage and share,” he said.
“The strong first half underpins the outlook and we believe we remain well positioned to improve financial performance for the full year over the record 2007 result and to continue to deliver dividends near the top of the sector.”
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