Datacentrix interim dividend up 9.5%
Integrated ICT solutions and services provider, Datacentrix, has reported a rise in revenue for the six-months ended August 2013, to R1 billion, from R976.7 million before.
The group reported an operating profit of R55.99 million, from R48.55 million in 2012.
“The interim period has seen positive developments for the group, highlighted by growth in both the managed services and Infrastructure areas of the business, consolidating its position as a value-driven, services-led company,” Datacentrix said.
Earnings before interest, taxes, depreciation and amortisation (ebitda) grew by 22% to R70.1 million and headline earnings per share increased from 19.2 cents to 21 cents.
In respect of the current reporting period, the board declared a gross cash dividend of 12.32 cents, a 9.5% increase on the comparative period.
Datacentrix CEO, Ahmed Mahomed said: “Our continued focus on intelligent, complex solutions is contributing positively to Group performance on both profitability and margins.
“Datacentrix is being seen as the ICT partner of choice and has been particularly successful in the areas of security, data centre and storage solutions. The Group’s execution capability is also being acknowledged by the renewal of all of its key outsourcing contracts without going to market.”
Mahomed added that the group’s performance was characterised by growth in solutions-based revenue not only in managed services but also infrastructure.
The managed services division contributed the largest portion of group profit before tax (PBT) at 45%, while the infrastructure division contributed 42%.
Revenue in MS increased 21% with healthy contributions from the managed print services (MPS) and outsourcing businesses. The division has improved its operating margin to 12.3%.
The infrastructure division grew PAT by 25% and saw operating margin increase significantly from 2.7% to 3.6% as a result of higher-margin, solutions/systems integration revenue.
“To complement our organic growth strategy we will continue to look for suitable acquisition opportunities to broaden our reach and further grow our capability,” Mahomed said.
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