Datatec revenue up 8%
Listed ICT group, Datatec on Wednesday (14 May), reported an 8% rise in revenue for the year ended February 2014, to $5.69 billion.
Gross profit increased by 8% to $841.4 million, while operating profit advanced to $122 million, from $141 million in 2013.
An ebitda of $175.3 million, was less than the amount of $185,5 million in the prior year.
Datatec reported earnings per share of 35.7 US cents, from 43.1 US cents before.
The group maintained a capital distribution of 17 US cents per share for the full year.
“Economic conditions remain very mixed across Datatec’s markets. While improvement has been evident in Europe there are adverse indications in Australia and North America is variable,” the group said.
“Customers remain cautious about investment and are increasingly seeking service based models of IT resource delivery,” it said.
Looking ahead, Datatec said it aims to operate in the sectors which are growing as a result of this trend, such as infrastructure as a service, data centre and networking managed services, the integration of unified communications systems and security solutions.
Based on current trading conditions and prevailing exchange rates, Datatec said it expects revenues for the 2015 financial year to be above $6 billion.
Datatec’s revenue percentage contribution by geography in 2014: North America 27% (32%), Latin America 18% (16%), Europe 34% (32%), Asia Pacific 11% (12%), and Africa & Middle East 11% (8%).
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