2 IT Stocks - DTL And WTC

February 23, 2019 09:15 AM AEDT | By Team Kalkine Media
 2 IT Stocks - DTL And WTC

Data#3 Limited

The Toowong-based Data#3 Limited (ASX:DTL) is a company established in 1977 and engaged in the provision of information technology (IT) solutions, along with its subsidiaries, mainly in Australia. Its two principal business segments include Product segment, which offers hardware and software licenses for desktops, network, and data centre infrastructures; and the second is Services segment, which provides consulting, project, managed, and maintenance contracts, employee recruitment service, etc.

Data#3 has a market capitalization of AUD 251.75 million with approximately 153.97 million volume of outstanding shares. With the close of the trading session on February 21st, 2019, the DTL stock last traded at a market price of AUD 1.630, down 0.306%, indicating an intra-day loss of AUD 0.005. Around 90,024 volume of shares were traded in total. Over the past six months, the stock has performed well with a positive return yield of 4.81% and the three-month positive return yield of 6.17%. Moreover, it has also generated a positive YTD return of 6.17%.

Recently, the business technology solutions leader, Data# 3 had announced its results for the half year ended December 31st, 2018 (1H FY2019), affirming a robust profit growth, towards the upper end of the prescribed guidelines. As reported, the total revenue was up by 17.7% to $ 644.4 million, inclusive of public cloud revenues of $ 142.7 million. The gross profit recorded was also up by 14.7% to $ 82.3 million and the NPAT also rose by 126.7% to $ 6.1 million. Besides, the EPS was up 126.7% to 3.99 cents per share and fully franked dividend of 3.60 cps, up by 125.0% on the prior period were paid out to the shareholders.

WiseTech Global Limited

WiseTech Global Limited (ASX:WTC), was established in 1994 and is based out of Alexandria, Australia. The company is engaged in development and provision of cloud-based software solutions to the logistics industry worldwide to clients including multinationals, as well as small and medium-sized regional and domestic firms.

WiseTech has a market capitalization of AUD 6.33 billion with approximately 301.09 million volume of shares outstanding. At the close of the market trading on February 21st, 2019, the WTC stock last traded at a sell-off price of AUD 19.900, down 5.373%, indicating an intra-day loss of AUD 1.130. Around 1.66 million volume of shares were traded in total. The stock has performed reasonably well in the last couple of months with the three-month yield at 32.43% and the six-month return yield at 34.64% as of date. Besides, it has also generated a positive YTD return yield of 23.49%.

The company recently released its half year ended December 31st, 2018 report. As per the figures posted, the total revenue for 1H FY2019 stood at $ 156.7 million, up 68% on the prior period and the net profit attributable to equity holders was recorded at $ 23.1 million, also up 48% on the prior period. Besides, fully franked dividend of 1.5 cents per share were also paid out to the shareholders.


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