Market shift to public cloud drives Data#3 profits up nearly 42%
Summary
"The market is growing as digital transformation fuels the overall information technology spend, and we have seen sustained large project activity. The current period result demonstrates the inherent strength and relevance of our solution offerings in an evolving market, and we are delighted with the rapid growth in our cloud-based business. Looking ahead, the company outlined its expectations that the market would remain buoyant, and that it would continue to focus on servicing customers through digital transformation projects and investing in vendor relationships for the remainder of FY20. "The strong first-half performance and pipeline of opportunities for the second half give us confidence that we will achieve our full-year financial objective, being to deliver sustainable earnings growth over time," Baynham said Last July, Data3#, along with partners DQA, oobe, and Veritec, were handed a licensing agreement to manage a three-year, whole-of-government Microsoft deal, which would see Office 365 be made available to all 98 federal government agencies. The first contract that covers Microsoft licensing to the WA government, while the second arrangement continues Data#3s incumbency with the Department of Education.