Datacom lifts capital spending as demand for IT services persists

Thu, 01 Aug 2019

By Paul McBeth Aug. 1 (BusinessDesk) - Datacom Group lifted capital spending by about 22 percent and added almost 1,200 staff in the March 2019 year as demand for IT services continues to outstrip wider economic growth. New Zealand's biggest IT services provider reported a net profit of $42 million in the year ended March 31, up from $23.5 million a year earlier, on a 2.4 percent increase in revenue to $1.29 billion. Stripping out adjustments for new accounting standards, revenue was up 17 percent. It employs about 6,500 people worldwide...

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