Lachlan Armstrong , the new chief executive of listed IT services player DWS Limited , has tipped investment in new data analytics, cloud computing and digital services as instrumental in improving the company’s fortunes in the year ahead, after posting underwhelming half-yearly results on Monday.
DWS reported a 14 per cent drop in revenue to $47.9 million and a 19 per cent drop in net profit to $6.7 million. Mr Armstrong said clients cut spending due as business confidence dropped in the turmoil of a long federal election.
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