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Tech & Innovation
4 mins to read

Datacom’s profit drops 80% as it invests $80m

NZ’s third-largest tech company lifted revenue to $1.49b.

New Zealand-based, privately owned tech company Datacom Group has had an 80.5% drop in net profit after tax for FY23, to $8 million from $41m the prior year, after investing more into its strategic product businesses.

Datacom Group CEO Greg Davidson said while net profit was down, the group as part

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Fiona Rotherham Fri, 30 Jun 2023
Contact the Writer: fiona@nbr.co.nz
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Datacom’s profit drops 80% as it invests $80m
Tech & Innovation,
99766
true