Technology services provider Data#3 is headed for a third straight year of weak market conditions affecting revenues and earnings as old and new clients hold off on major IT projects.
Despite last year’s promise shares could climb back to 2011 highs, Data#3’s price dropped 17 per cent to 85¢ in late December, when the company forecast weaker than expected earnings for the first half of the 2014 financial year.
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James Hutchinson writes on Technology specialising in Technology Companies, Enterprise IT, Telecommunications. Based in our Sydney newsroom, James has over 5 years experience as a journalist. Connect with James on Twitter.
