Listed ICT group, Datatec on Wednesday (14 May), reported an 8% rise in revenue for the year ended February 2014, to $5.69 billion.<\/p>\n
Gross profit increased by 8% to $841.4 million, while operating profit advanced to $122 million, from $141 million in 2013.<\/p>\n
An ebitda of $175.3 million, was less than the amount of $185,5 million in the prior year.<\/p>\n
Datatec reported earnings per share of 35.7 US cents, from 43.1 US cents before.<\/p>\n
The group maintained a capital distribution of 17 US cents per share for the full year.<\/p>\n
\u201cEconomic conditions remain very mixed across Datatec’s markets. While improvement has been evident in Europe there are adverse indications in Australia and North America is variable,\u201d the group said.<\/p>\n
\u201cCustomers remain cautious about investment and are increasingly seeking service based models of IT resource delivery,\u201d it said.<\/p>\n
Looking ahead, Datatec said it aims to operate in the sectors which are growing as a result of this trend, such as infrastructure as a service, data centre and networking managed services, the integration of unified communications systems and security solutions.<\/p>\n
Based on current trading conditions and prevailing exchange rates, Datatec said it expects revenues for the 2015 financial year to be above $6 billion.<\/p>\n
Datatec’s revenue percentage contribution by geography in 2014: North America\u00a027% (32%), Latin America 18% (16%), Europe 34% (32%), Asia Pacific 11% (12%), and Africa & Middle East 11% (8%).<\/p>\n
Datatec forecasts dip in profits<\/strong><\/a><\/p>\n Datatec shifts executive roles<\/strong><\/a><\/p>\n