AUS
NZ
UK
CA
USA
IND
Highlights
- Data3 reports record $2.8bn in gross sales for FY24, marking 7.6% growth.
- Strong focus on AI and cybersecurity, including Microsoft Copilot partnerships.
- Projects solid pre-tax profit growth for H1 FY25.
Data3 (ASX:DTL), an Australian technology solutions provider headquartered in Brisbane, announced record gross sales of $2.8 billion for the fiscal year 2024, demonstrating a 7.6% increase from the previous year. Despite economic headwinds such as inflation and restricted corporate spending, the company achieved notable financial growth, driven by robust performances across its primary business divisions.
The company, recognized for its broad technology services, offers expertise in software, cloud infrastructure, cybersecurity, and data solutions, with a diverse client base across sectors such as government, education, health, and finance. Noteworthy growth was recorded in the Software Solutions and Managed Services divisions, which achieved year-over-year increases of 11% and 12%, respectively, reinforcing Data3’s comprehensive market positioning.
Data3 has significantly expanded its cybersecurity services with the launch of a new Security Operations Centre (SOC) based in Brisbane. This center is designed to provide Australian clients with advanced security monitoring and support, addressing the growing demand for sophisticated solutions against complex cyber threats. By enhancing local infrastructure, the SOC underscores Data3’s commitment to high-standard security tailored to the needs of Australian businesses and institutions.
Furthermore, Data3 is increasingly integrating artificial intelligence (AI) into its service offerings, most notably through a partnership with Microsoft’s generative AI tool, Copilot. As an early participant in Microsoft’s Copilot Early Adopter Program, Data3 has been assisting organizations with AI readiness assessments, helping clients leverage AI tools effectively while maintaining strong data governance frameworks. This initiative has positioned Data3 as a leader in driving AI adoption in enterprise environments, enhancing productivity and digital capability for clients across multiple industries.
CEO Brad Colledge commented on the company’s trajectory, emphasizing that Data3’s sustained investments in innovation and customer-centered solutions are fundamental to its growth strategy. He underscored the resilience of the company amid challenging economic conditions, attributing Data3’s growth to its ability to help clients leverage digital transformation solutions effectively.
In financial health, Data3 remains debt-free, providing a stable foundation for continued expansion. The company projects a pre-tax profit increase for the first half of FY25, estimated between $31 to $33 million, supported by rising interest income and a steady pipeline of projects across Australia and Fiji. This outlook highlights Data3’s strategic growth path as it advances in AI, cybersecurity, and digital services across multiple sectors.
