52 Week high today
Checking the investor day presentation , apart from having the MD for Microsoft Australia as guest speaker, the word "AI" was mentioned several times on the 15 November call from the new CEO
![443725c7481fd3917f36c511942c1023411d8a.png](//strawman.com/member/uploads/objects/9b/443725c7481fd3917f36c511942c1023411d8a.png)
![aa44242268de6b9a403dc2c328494725222a29.png](//strawman.com/member/uploads/objects/36/aa44242268de6b9a403dc2c328494725222a29.png)
The CFO Cherie O'Riordan also mentioned focusing less on margins and more on improving profitability. They believe by not growing gross margins, Data#3 will be more competitive in winning new business and hence increase profitability.
![5f45d22f8d27b6766d51dbd99bd67a516989d7.png](//strawman.com/member/uploads/objects/0a/5f45d22f8d27b6766d51dbd99bd67a516989d7.png)
Data#3 also mentions they are able to still pass price and wage inflation into their customer contracts. Several measures mentioned include:
- Reseller agreements that allow the company to pass price increases to the customer
- Professional services contracts being more time and materials based while managing fixed price contracts
- Periodic price reviews of managed services contracts
Finally for Working capital, they have no issues with drawing down this component as it is mostly current and there is a low default rate from customers
Lots to unpack from the call transcript so above is just a summary of the main points..
There was also a special call today which I do not have access to the transcript so not sure who was invited here.
Note: I've been cashing on the dividend reinvestments in SRL only. If only I bought more during that mini crash months back.
[held]