Datatec lifts annual revenue 13.3%
Datatec, the international information and communications technology (ICT) group, has reported a 13.3% rise in revenue for the year ended February 2015, to $6.4 billion (FY14: $5.7 billion).
Gross profit topped $932.9 million (FY14: $841.4 million), while EBITDA was up 17.7% to $206.4 million (FY14: $175.3 million).
The group said that underlying earnings per share improved 17.1% to 41.8 US cents, against 35.7 US cents before.
Datatec maintained a cash dividend of 17 US cents per share for the full year.
Jens Montanana, chief executive of Datatec, commented: “Our revenue growth continued this year, driven by a strong recovery in sales and market share at Westcon. Logicalis delivered an improvement in the second half, leading to profitable growth year-
over-year. We are also pleased with the improved operating efficiency across all divisions.”
“We have maintained our dividend over the past three years despite volatile earnings and have delivered long-term sustainable returns to shareholders.”
“We expect our diverse operating portfolio to continue to deliver revenue growth, as Logicalis adapts its capabilities to address cloud-based infrastructure opportunities and Westcon increases its momentum with global vendors.”
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