SINGAPORE - Datacraft Asia, South-east Asia's largest computer data network builder, expects technology spending by its customers in fiscal year 2007 to hold at the same level as the previous year, it said on Thursday.
'It seems we have a similar level of budgets this (fiscal) year, as in FY2006. But some of our banking clients are saying that projects may be prioritised differently, or may slow a little bit,' Chief Executive Bill Padfield told Reuters at a luncheon.
Last month, Datacraft said its fiscal fourth-quarter net profit more than doubled to US$6.45 million on aggressive technology spending by businesses, cost cuts and a lower tax rate.
The company, a unit of South African information technology group Dimension Data, builds and maintains computer networks for banks, telecoms providers and tech firms.
The Singapore networking specialist said it expected growth momentum in the new fiscal year to remain strong, underpinned by an order backlog of about US$143 million. -- REUTERS
