{"id":24401,"date":"2012-10-17T09:23:28","date_gmt":"2012-10-17T07:23:28","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=24401"},"modified":"2012-10-17T09:41:50","modified_gmt":"2012-10-17T07:41:50","slug":"datatec-lifts-h1-revenue-in-weakening-climate","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/24401\/datatec-lifts-h1-revenue-in-weakening-climate\/","title":{"rendered":"Datatec lifts H1 revenue in weakening climate"},"content":{"rendered":"

Datatec<\/a> the international ICT group on Wednesday (17 October) reported revenue of $2.62 billion in its interim results for the six months ended August 2012, from $2.44 billion before.<\/p>\n

Datatec said that trading and underlying earnings continue to improve but growth is slowing in a weakening economic climate.<\/p>\n

Operating profit rose to $71.05 million, from $66.24 million in 2011, while earnings before interest, depreciation and amortisation climbed 8% to $91.9 million.<\/p>\n

Underlying earnings per share improved 8% to 23.5 US cents, from 21.8 US cents in 2011, and Datatec increased its interim capital distribution by 14% to eight US cents per share, from 7 US cents before.<\/p>\n

Datatec\u2019s shares are listed on the JSE and the Alternative Investment Market of the London Stock Exchange.<\/p>\n

Jens Montanana<\/a>, chief executive of Datatec, said: \u201cAs we highlighted in our IMS statement in July, overall revenues and underlying earnings are continuing to improve but the rate of growth has slowed as the macro-economic climate has become more uncertain. This became more pronounced in the second quarter in all regions with the exception of Latin America.<\/p>\n

\u201cThe diversity of our business streams and our global footprint continue to be strong assets, allowing the group to deliver a relatively strong performance against a disappointing market.<\/p>\n

\u201cBased on current exchange rates and trading conditions our full year forecast remains unchanged but has become more challenging than we anticipated in May.\u201d<\/p>\n

During the first half of FY13, Datatec announced four new acquisitions which are expected to enhance margins, extend the group’s geographical reach and strengthen its position in existing markets.<\/p>\n

The most notable of these was the acquisition of 100% of the share capital of the Afina Group by Westcon<\/a>, announced in July.<\/p>\n

In May Datatec acquired, on behalf of Westcon, the 33.1% interest in its African subsidiaries which it did not already own in order to secure 100% ownership of those businesses. The deal excluded Westcon SA.<\/p>\n

Looking ahead, the group said that its 2013 financial year forecast remains unchanged despite increasingly uncertain economic outlook. It forecasts revenues of between $5.5 billion and $5.8 billion, from $5.03 billion achieved in FY 2012.<\/p>\n

Datatec also anticipates underlying earnings per share of approximately 55 US cents, from 47.9 US cents before.<\/p>\n

Related\u00a0article<\/strong><\/p>\n

Datatec full-year forecast unchanged<\/strong><\/a><\/p>\n

Westcon acquires Triple Accesss IT<\/a><\/strong><\/p>\n

Westcon acquires Afina for EUR50m<\/a><\/strong><\/p>\n

Datatec takes ownership of Westcon Africa<\/a><\/strong><\/p>\n

Diversification sees Datatec push for double-digit growth<\/a><\/strong><\/p>\n

Datatec subsidiary acquires Indonesian firm<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Datatec the international ICT group on Wednesday reported revenue of $2.62 billion in its interim results for the six months ended August 2012, from $2 44 billion before.<\/p>\n","protected":false},"author":10,"featured_media":3167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[765,26,767,2606,769],"class_list":["post-24401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-datatec","tag-headline","tag-ict","tag-jens-montanana","tag-westcon"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=24401"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24401\/revisions"}],"predecessor-version":[{"id":24405,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24401\/revisions\/24405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/3167"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=24401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=24401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=24401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}