Datacom has released its results for the 2021 financial year, reporting strong revenue and profit growth on the back of strong demand for cloud infrastructure and digital projects.
The company revealed its revenue came in at $1.41 billion for the year ended 31 March 2021, up from $1.34 billion the previous year.
Net profit after tax was $35 million for the period, up from $19 million in FY2020. Full-year operating cash flow is at $156 million.
In the announcement, Datacom said the numbers reflect the increased demand for technology services and data centre capability, citing a major shift to cloud solutions and a surge in demand for essential services.
Tuesday, 6 July 2021, 11:04 am
Revenue growth to $1.41 billion and NPAT to $35 million
enables investment to grow
Datacom Group today
reported financial results for the year to 31 March 2021
(FY21). Revenue climbed to $1.41 billion, up from $1.34
billion in the prior year (FY20). Net profit after tax is
$35 million, an improvement over the previous year’s $19
million, as the company continues to position for future
growth across the Group. Full-year operating cash flow
remains solid at $156 million.
FY21 saw Datacom focus
on the future sustainability of and reinvestment in its
businesses. The company prioritised the safety and wellbeing
of its people and customers in the response to COVID-19,
Leading technology company Datacom Group has nearly doubled its profit on the back of a large revenue gain driven by increasing demand for digital services.
The result reflected increased demand for technology services and data centre capability, and a major shift to cloud storage, Datacom s chief executive said.
Photo: 123RF
The firm s profit for the year ended March was up 84 percent to $35 million, compared with the previous year s $19m.
Group chief executive Greg Davidson said the result reflected increased demand for technology services and data centre capability, as well as a major shift to cloud storage.
He said the pandemic caused a number of customers to delay investment decisions in the first half but there had been a noticeable pickup since January.
Press Release – Datacom Revenue growth to $1.41 billion and NPAT to $35 million enables investment to grow Datacom Group today reported financial results for the year to 31 March 2021 (FY21). Revenue climbed to $1.41 billion, up from $1.34 billion in the prior …
Revenue growth to $1.41 billion and NPAT to $35 million enables investment to grow
Datacom Group today reported financial results for the year to 31 March 2021 (FY21). Revenue climbed to $1.41 billion, up from $1.34 billion in the prior year (FY20). Net profit after tax is $35 million, an improvement over the previous year’s $19 million, as the company continues to position for future growth across the Group. Full-year operating cash flow remains solid at $156 million.
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