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Datacom revenue soars

Datacom has reported a 35 percent increase in full-year revenue to $504 million and a 9.5 per cent improvement in net profit to $32 million.
  • 28 July, 2009 10:29

<p>DATACOM GROUP LIMITED
RESULTS FOR THE YEAR ENDED 31 March 2009</p>
<p>Despite the somewhat difficult market conditions in the financial year to 31st March 2009, Datacom Group has been able to report an increase in revenue of 35% from last years $372m to this year’s $504m, along with a 9.5% lift in profit after tax.</p>
<p>Of the total revenue New Zealand was at $228m, an increase of 4.5% on last year and Australia/Asia at $276m, an increase of 79%. The increase in Australia/Asia was assisted by very strong performances from the new business operations in South Australia and Western Australia, and the full year impact of previous acquisitions and new customers.</p>
<p>Net Profit before tax at $32m against last years $29.7m was considered very satisfactory in a year with decreasing margins and downward pressure on cost spending by many of Datacom’s customers.</p>
<p>At March 2009 the Group was showing a 10 year compound growth rate of 14% for revenue and 16% for profit.</p>
<p>Net Profit after tax was $22 million, compared with the previous year’s $20.1 million, up 9.5%.</p>
<p>During the year the Group invested $30m in capital expenditure of which a large portion was on construction of the new Datacentre in Albany, Auckland. This Datacentre which was opened by the Prime Minster of New Zealand on 8th May 2009 is the first large purpose-built datacentre built in New Zealand since the 1970’s and is unsurpassed in its ability to provide customers with safe and reliable computing housing now and in the future. The datacentre was designed and constructed with a comprehensive emphasis on sustainability from the perspectives of energy efficiency, energy and building management, and eco-compliance This investment provides Datacom unmatched advantages in securing large hosting customers and with space for 644 racks provides significant growth opportunities for Datacom over the next few years.</p>
<p>Staff numbers increased by 142, with New Zealand adding 100 and Australia/Asia 42. This brought total staff numbers to 3,075 compared to last year’s 2,933 up 5%.</p>
<p>In summary, the highlights of the year’s performance were:</p>
<p>• Total operating revenue was $504 million, up 35%
• Trading profit before tax was $32 million, up 7.5%
• After tax profit was $22 million, up 9.5%
• Staff numbers 3,075, up 5%</p>

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