Why the Data#3 (ASX:DTL) share price is shooting 9% higher today

The Data#3 Limited (ASX: DTL) share price has started the week in fine form.

At one stage today the business technology solutions company’s shares were up as much as 9.5% to $5.76.

They have since dropped back a touch but are still up 5% to $5.52 at the time of writing.

This latest gain means the Data#3 share price is now up a sizeable 37% since this time last year.

Why is the Data#3 share price storming higher today?

Investors have been buying the company’s shares on Monday following the release of an update on its guidance for the first half of FY 2021.

When the company held its annual general meeting in November, it advised that it was expecting a largely flat half year result.

Management explained: “We have navigated our…