update Managed IT services company Data#3 has announced that its staff turnover figures were less than half of the industry average in its full annual report to shareholders released today.
The company said its staff turnover rate has remained steady for two years, which it dubbed "a great outcome considering the employment market improved significantly during 2010".
"Data#3 is 50 per cent below the industry average for involuntary turnover," the report reads. The company employs some 500 people.
It also invested heavily in its workforce development in 2010, spending $63.5 million on staff development and training.
In addition to pumping more funds into its staff, Data#3 spent $1.27 million on telecommunications — up from $1.24 million in 2009.
Data#3 opened a new Integration Centre in Victoria this year, expanding its Victorian team by 50 per cent. It currently employs over 500 staff across Australia. The company was also contracted by NBN Co in November last year to provide IT infrastructure design and management.
Earlier this year in July, Data#3 told ZDNet Australia that it was at the tail-end of new system roll-outs. Data#3 claims in the report that investment in these systems are "ongoing".
The company also revealed that an increasing adoption of Microsoft Windows 7.0 in its operations wing.
The Aussie IT services company reported revenue of $599.2 million for 2010, a 13 per cent rise from 2009 revenue of $530.5 million. This sits alongside its report of an increased net earnings before interest, tax, depreciation and amortisation (EBITDA) of $16.3 million this year, a 12.4 per cent rise from $14.5 million last year. According to the report, this was in part bolstered by government contract wins.
It also reported a net profit (after tax) rise of 11 per cent from $9.8 million to $10.9 million.
The company did not provide staff turnover figures at the time of publication.
Updated at 4:38pm, 29 September 2010: it was mistakenly reported that Data#3 operated as a hosting company, when the company actually deals in managed IT services. It was also mistakenly reported that Data#3 had been engaging in staff cuts, when in fact the statement in the company's annual report referred to staff turnover figures and "involuntary turnover".