Data3 shares surge to record high on strong AI-fueled earnings By Investing.com

Investing.com — Shares of rallied to a record high on Monday after the Australian IT firm reported strong annual earnings as growing artificial intelligence adoption ramped up the need for consultancy services.

Data#3 rose as much as 18% to a record high of A$11.10, outpacing a 0.6% increase in the ASX 200.

The firm reported a pretax profit of A$78.8 million ($56.5 million) for fiscal year 2026, marking a 14% increase from the previous year. Revenue for the company grew 6.4% year-over-year to A$907.3 million.

The strong earnings were driven by a mix of growing demand for infrastructure, AI, software, and cybersecurity consultancy services.

The company declared a full-year dividend of 31.75 Australian cents per share, up 13% from last year.

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