Datacom back in black as Australian digital spending grows

Datacom back in black as Australian digital spending grows
Datacom Group CEO Greg Davidson said it had been a year of "watching costs like a hawk". (Image: Datacom)
Ben Moore
A tighter fiscal belt and Australia’s economic recovery led to a healthier bottom line for Datacom Group, even as revenue remained flat.In the financial year to March 31, 2024, net profit was $34 million, up from a loss of $2m in the previous year.The technology services company posted $1.47 billion in revenue for the year, down 1%. Earnings before interest, depreciation, and amortisation (ebitda) were $152m, up 11%. Operating cash flow was $139m.Group chief executive Greg Davidson credited the return to profit to increased spending on di...

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