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Data#3 flags delivery delays due to global chip shortage

Data#3 flags delivery delays due to global chip shortage
Data#3 flags delivery delays due to global chip shortage
Regardless, the company expects to see profit surge for the year.
Laurence Baynham (Data#3)
Credit: Data#3
Publicly listed IT services provider Data#3 has told shareholders that around $3 million of potential profit has been tied up in back orders for product deliveries delayed by the ongoing global chip shortage.
The company told shareholders on 19 July that its unaudited consolidated net profit before tax for the 2021 financial year to be $36.8 million, an increase of 8 per cent on the prior year.
The profit increase comes despite a 2021 financial year impacted by product delivery delays in the second half of the financial year, the company said, related to the global computer chip shortage being experienced across the industry. ....

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Data#3 sees cloud surge in yet another record result

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. ....

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