Hold Data#3 despite downgrade: analysts

It isn’t very often that profit downgrades are interpreted as buying opportunities, but in the case of Data 3 that may just be the case.

• Updated May 2, 2014
• Trevor Hoey

How to pick small cap gems

Investors in small stocks face a daunting challenge. They can swim downstream with a tiny group of companies enjoying rapid growth or switch to struggling stocks that will benefit as the profit tide turns.

• Updated Mar 9, 2014
• Tony Featherstone

• Enterprise IT

Growth left in IT services as spending cuts hurt

Technology analysts are bracing for a subdued reporting season in Australia as corporate and government spending cuts continue to hit IT services firms’ bottom line.

• Updated Feb 4, 2014
• Marianna Papadakis

Postponed IT projects affect Data#3 outlook

Technology services provider Data#3 is headed for a third straight year of weak market conditions affecting revenue and earnings as old and new clients hold off on IT projects. Despite last year’s promise shares could return to 2011 highs, Data#3’s price dropped 17 per cent to 85¢ in December.

• Updated Jan 15, 2014
• James Hutchinson

Tech leaders call for speed, ubiquity in NBN rollout

Australia’s technology leaders have called for the government to speed up the national broadband network rollout, while blasting the Coalition government for relying on Telstra’s ageing copper for the initiative.

• Updated Dec 10, 2013
• James Hutchinson | Paul Smith

• Enterprise IT

Tech chiefs urge Hockey to tackle share scheme taxes

CEOs from Australia’s technology sector have called on the government to speed up its deliberations on changes to rules governing employee share schemes, saying current policy hampers the sector.

• Updated Dec 10, 2013
• Paul Smith | James Hutchinson

• Enterprise IT

Data#3 holds steady in rough market

Information technology services company, Data#3’s advice that it was expecting to deliver a net profit of $12.1 million in 2012-13 was consistent with its previous guidance of between $11 million and $12.5 million.

• Updated Jul 26, 2013
• Trevor Hoey

• Enterprise IT

Data#3 trims dividend, warns of continued volatility

Information technology supplier Data#3 has trimmed its final dividend after blaming lower earnings on tough market conditions.

• Updated Aug 25, 2012
• Brian Corrigan

• Enterprise IT

Cash-rich Indians ready to buy local tech

Australian technology companies are bracing for an Indian assault as cashed-up outsourcing specialists have instructed the heads of their local operations to target local players.

• Updated Jul 24, 2012
• Paul Smith

• Enterprise IT

Data#3 secures key contract

Technology service provider Data#3 has held onto a major tender to supply Microsoft licences to the Federal Government.

• Updated Mar 15, 2012
• Brian Corrigan | David Ramli

Data#3 delivers sales growth in tough market

Data#3 expects to achieve revenue growth of 15 per cent for the six months to December 31, 2011.

• Jan 25, 2012
• Trevor Hoey

• Street Talk

List of CSG bidders shrinks

Darwin-based technology and printer services provider, CSG, remains mum on who is trying to take it over.

• Nov 26, 2011
• Sarah Thompson, Christine Lacy and Stephen Shore

• Enterprise IT

Data#3 cautiously optimistic

Management says it is expecting a similar result in the first half of 2011-12 compared with the previous corresponding period.

• Nov 9, 2011
• Trevor hoey

• Enterprise IT

Data#3 Ltd (DTL)

Queensland-based IT services provider

• Updated Oct 10, 2011
• David Ramli

• Investment banking

Hewlett’s PC sale plan won’t trouble retailers

Local business partners have expressed shock at Hewlett-Packard’s decision to sell or spin off its ­personal computer business, but said either outcome was likely to be in their best interests.

• Updated Aug 24, 2011
• Brian Corrigan