Data#3 passes AU$1bn revenue mark in record-breaking financial year

By Addie Thomes

Data centre services and business technology solutions provider Data#3 has posted record results for the 2017 financial year.

For the period ending June 30 2017, the Brisbane-based company recorded revenues of AU$1.1bn, an increase of 11.7% on the previous financial year.

Gross profits hit $158.9mn while net profits after tax reached $15.4mn, a new company record.


Commenting on the company’s FY17 performance, CEO and MD Laurence Baynham said: “The FY17 results reflect the company’s ongoing strategy of transitioning from primarily a product centric approach to an increasingly service centric approach in a rapidly changing IT environment. These results are also a testament to the very dedicated and skilled team of people we’re proud to have at Data#3.

“2017 represents several milestones for Data#3, including 40 years in business and 20 years on the ASX. I am therefore pleased to add to these milestones our achievement of $1 billion in revenue and a record profit,”

It has been an excellent month for the business, as it also scooped The Australian Business Awards Employer of Choice (EOC) prize.

The EOC accolade recognises organisations which have developed leading workplaces that maximise the full potential of their workforce through practices that demonstrate effective employee recruitment, engagement and retention.


Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia


Huawei smartwatch goes for gold with Ultimate Edition


How IKEA India plans to double business, triple headcount

Corporate Finance