Brisbane-based Data#3, a business technology solutions provider, has seen a 10.6% rise in revenue to $506 million, $58 million of which was cloud-based revenue, for the first six months of FY17.
The company said in a statement that its gross profit had risen to $74 million, an increase of 8.1%.
Product revenue was up 11.5% to $413.9 million and services revenue grew 6.6% to $91.3 million.
It said product gross profit increased by 0.9% to $34.7 million while services gross profit went up by 15.4% to $39.2 million.
{loadposition sam08}Staff costs increased by 6.6% with market-based increases and headcount growth in Business Aspect consulting.
Data#3 chief executive and managing director Laurence Baynham said: "The solid financial and operational results reported today reflect our strategic and increasing focus on growing our portfolio of services.
"This includes the rapidly growing cloud services market and I am confident that we are well-positioned to satisfy market demand.
"We are confident that we have the right strategy to underpin sustainable growth in long-term shareholder returns. Our first-half performance and pipeline of opportunities provides a solid foundation to achieve our objective of improving on the company’s 2016 full year profit."
Data#3 chairman Richard Anderson said: "Data#3’s performance both in increased profit and continuing strong cash flow allowed the board to declare a 34% increase in first-half dividend to 3.35 cents per share. The board is very pleased with the sustained growth in profit."
