Data#3 forecasts 40% earnings surge
- Data#3 expects first-half net profit before tax to increase by over 40% compared to the prior period.
- Shares in Data#3 jumped following the early earnings guidance update.
- Earnings growth was driven by larger transactions, strong infrastructure and software solution demand, and interest income.
Data#3 (ASX:DTL) announced that gross profit and earnings for the first half of FY27 have tracked ahead of expectations.
The projected growth compares to the first half of FY26 profit before tax of $33.5 million, which was negatively affected by changes to Microsoft incentives.
The earnings outcome remains subject to contract execution through 31 December 2026, interim accounting, and an audit review.
First-half earnings will benefit from one-off large transactions, increased activity in infrastructure and software solutions, and approximately $1.5 million in interest income.
The company indicated that full-year net profit before tax will be skewed towards the first half of FY27.
Following the announcement, the Data#3 share price was up at $12.75.
Data#3 will host its annual general meeting on Oct. 28 to provide a broader business update.
The business plans to release its official first-half financial results and interim dividend declaration on Feb. 22, 2027.
