Data#3 expects acquisitions to help deliver solid FY15 NPAT results
Data#3 has projected that its net profit after tax (NPAT) for the 2015 financial year will be above the AU$7.5 million that was reported in the previous year's results.
The business technology company said it expects its NPAT for FY15 to be between AU$10 million and AU$11 million, which will represent a 35 percent to 45 percent growth compared to FY14's NPAT.
Data#3 CEO Laurence Baynham said the pre-audit estimate represents solid growth in the core Data#3 business, together with contributions from the acquisitions and investments made in the year.
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"We are delighted to see continuing strengthening in our performance in what remains a highly competitive market, and a particularly strong fourth quarter has allowed us to deliver a very solid full-year result," he said.
During the year, the company struck up a deal with Discovery Technology. Under the acquisition agreement, Data#3 paid AU$1.5 million to acquire an initial 42.5 percent of shares in the Wi-Fi analytics company. Data#3 said that while Discovery Technology is not fully integrated into the company, it is engaged with Data#3 as a reseller with "significant opportunities in the pipeline".
Last September, Data#3 also acquired Business Aspect to help expand its consulting capability into New South Wales, the Australian Capital Territory, and Victoria. The aim of the AU$6 million acquisition was to allow Data#3 to expand its consulting capabilities.
Data#3 has announced that it has invested further into its security solutions with the launch of a dedicated security practice, and will use Business Aspect's consulting, assurance, and risk expertise to bring it to market. Richard Dornhart has been appointed as security practice manager to lead the security practice business.
Baynham said the launch of security practice is in response to customer demand as they adopt cloud and mobility services, and deal with handling critical information and intellectual property.
The board intends to announce the audited full-year results and final dividends on August 20, 2015.
The positive full-year outlook comes after Data#3 managed to restore profit growth during its half-year results to AU$3.6 million, after experiencing declines throughout the last financial year, including during 1H14, when the company reported that profit had fallen by 11.7 percent compared to 1H13.