Mustek, a JSE- listed distributor of personal computers and complementary ICT products, has reported a 24.6% rise in half year revenue from continuing operations, to R2.5 billion.<\/p>\n
In financial results for the period ended December 2014, Mustek said that headline earnings per share grew 26.3% to 53.26 cents, with basic earnings per share up 28.5% to 53.05 cents.<\/p>\n
The revenue growth during this period was supported largely by Mustek Limited\u2019s Huawei Enterprise Solutions division, its Microsoft Volume Licensing offering and Rectron Australia \u2013 where revenue grew to R141.3 million, with the company expecting to see further improvement looking to June 2015.<\/p>\n
Contributions increased from associates mainly as a result of additional earnings generated from the acquisition of an effective 26% stake in Sizwe Africa IT Group Proprietary Limited (effective March 2014).<\/p>\n
\u201cDesktop computers still prove a viable option for many corporations, especially within the banking and security industries,\u201d said Mustek FD, Neels Coetzee.<\/p>\n
“2014 was the year of how the consumer drove adoption, and while the consumer will still have a large influence on adoption, 2015 has been predicted as the year the enterprise begins driving adoption again, via enterprise applications and Windows 10 \u2013 creating a core experience for businesses, with a renewed emphasis on the desktop.<\/p>\n
“We are also seeing demand for devices that are able to process data at fast speeds, have longer battery life, and serve a multitude of needs, where we will also be focusing on solutions including: tablets, notebooks, ultrabooks and smartphones for the remainder of the FY. We look forward to rounding off an already successful FY15, Coetzee said.<\/p>\n
Looking ahead, Mustek said it will continue to refine its broad-based ICT distributor status, where the company expects to see further revenue and profit traction in its Microsoft Volume Licensing offering, Huawei Enterprise Solutions, CCTV Surveillance and cabling products and services.<\/p>\n
The group said it will explore opportunities with strategic partners within the service and storage area, one being Lenovo\u2019s ThinkServer offering, which will be launching in South Africa in the second quarter of 2015.<\/p>\n
Mustek reports 13% revenue growth<\/strong><\/a><\/p>\n