Datacom revenue rises to $937m

Datacom is New Zealand’s second-biggest technology exporter behind Fisher & Paykel. Photo / Natalie Slade.

Datacom Group has released its annual results, showing the IT service company’s profit was down 45 per cent to $35 million, despite lifting year-on-year revenue to $937 million.

Datacom CEO Jonathan Ladd said continued growth the ability to invest back into the business on the back of a strong cashflow “is exactly where we want to be”.

Datacom’s revenue increased 6.3 per cent to $937m from last years’ $881m.

Profit before tax was $35.3m, down from the previous year’s $64.7m.

The previous year was abnormally high due to the $25 million divestment of the company’s Asian contact centre business, Ladd said.