Datacentrix, the listed ICT systems provider, has reported a 19% rise in revenue for the year ended February 2014, to R2.3 billion.<\/p>\n
The group delivered an operating profit of R125.3 million, from R106.2 million before, with EBITDA up 21% to R152.4 million.<\/p>\n
Headline earnings per share increased by 15% to 45.6 cents.<\/p>\n
The Board declared a gross cash dividend of 8.17 cents per share for the year, bringing the total dividend for the year to 20.49 cents per share.<\/p>\n
Datacentrix said that group performance was categorised by strong earnings growth in Managed Services as well as solutions sales in the Technology division of the business.<\/p>\n
“The continued focus on intelligent, higher value solutions is contributing positively to Group performance, with areas such as managed services, security, datacentre and storage solutions in particular, gaining momentum in the market.”<\/p>\n
The Managed Services division contributed 49%, Technology 37% and Business Solutions 11% of Group profit before tax.<\/p>\n
Managed Services<\/strong><\/p>\n Revenue in the Managed Services division grew by 25%, with healthy contributions from the outsourcing, managed print and document solutions businesses, and e-networks.<\/p>\n Aided by the acquisition of e-networks, EBITDA grew by 46% in the division, with a healthy operating margin of 12.7%.<\/p>\n Datacentrix said it is well positioned to take advantage of cloud opportunities with the launch of its flexible cloud computing offering.<\/p>\n In March 2014, the organisation introduced an Infrastructure as a Service (IaaS) solution, adding a new dimension to its existing cloud services.<\/p>\n Technology<\/strong><\/p>\n The Technology division contributed 37% to Group PBT, with year-on-year revenue growth of 16%. “We have seen a positive contribution from organic growth investment areas, such as security, datacentre solutions and networking,” Datacentrix said.<\/p>\n The division was renamed to more accurately reflect its transformation to a solutions business, it said.<\/p>\n Looking ahead, Datacentrix said it is a well-positioned services and solutions-led organisation that is successfully competing in its selected areas of competence.<\/p>\n “The group portfolio has been significantly expanded with growth potential in all areas. Datacentrix will continue to pursue suitable acquisition opportunities to create critical mass in selected areas and to further expand the portfolio,” it said.<\/p>\n The launch of a cloud services offering, while negatively impacting profitability in the short-term, will serve the group well in terms of capitalising on future cloud opportunities, Datacentrix said.<\/p>\n Datacentrix interim dividend up 9.5%<\/strong><\/a><\/p>\n Datacentrix in Cape Town ISP purchase<\/strong><\/a><\/p>\n Public sector IT projects drying up: Datatcentrix<\/strong><\/a><\/p>\nMore on Datacentrix<\/h3>\n