Data#3 sees cloud surge in yet another record result
Data#3 sees cloud surge in yet another record result
62 per cent of Data#3 s revenue was recurring
Data#3 CEO Laurence Baynham Credit: Data#3
Despite the challenging market conditions in the six months to December 2020, Data#3 has continued producing record results with revenue up 19.2 per cent to $856.7 million and net profit rising 7.9 per cent to $9.4 million.
About $346.1 million of Data#3’s revenue derived from the public cloud arena (up 37.4 per cent), during the first half of FY21.
In a statement to shareholders, Data#3 CEO and managing director Laurence Baynham pointed out about 62 per cent of its total revenue was recurring, deriving from government and large corporate contracts.