Australian business technology firm Data#3 has reported its financial results for 2019, taking a hit from its Data#3 Cloud divestment. This was offset, however, by growth in what the company called lower-margin maintenance services revenues and Microsoft contract wins.
Revenue was up by 19.8% to AU$1.4 billion, comprised of AU$1.2 billion in product revenue — representing 21.3% growth year-on-year. Services accounted for AU$247 million, which was a 13.3% increase over last year’s result.
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