International ICT company Dimension Data, which was delisted from the JSE last year following its acquisition by Japanese telecoms giant Nippon Telegraph and Telephone Corp, on Monday reported double digit growth for the year ended September 2011.
Revenue increased 14.8% to US$ 5.79 billion, with double digit operating profit growth of 10.8%.
“Against the backdrop of a volatile global economy and tough trading conditions, this year’s double digit growth is an outstanding performance. In addition, our growth in Managed Services was particularly pleasing,” said Brett Dawson, Dimension Data’s CEO.
Dimension Data’s System’s Integration (SI) business, which makes up 78% of total revenue, continued to be the main thrust behind the group’s success, recorded total revenues of US$ 4.5 billion and a 12.8% growth year-on-year with an operating profit of US$ 202.7 million – up 7% on FY10.
By region, Europe, Asia and Australia delivered good growth, while MEA was steady. In the Americas, Canada, Mexico and Chile recorded excellent growth, with operating profit in the USA flat year on year.
In the Group’s other businesses, Internet Solutions (IS) grew revenue by 6.9%, Plessey lifted revenue by 22.9% and Express Data’s revenues expanded by 24.3%, with Merchants and Learning Solutions delivering strong contributions.
“We have built a strong foundation from which to generate growth. That’s because we anticipated key market trends such as IP networking, Unified Communications, virtualisation and cloud, and moved early to provide our clients with the relevant solutions and services,” Dawson added.