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Datatec CEO says customer confidence returning

Microscope contributor

Datatec reckons the IT industry is finally returning to meaningful growth, following a solid four months which tracked the high end of previous forecasts.

The parent of distributor Westcon and integrator Logicalis said in an interim statement that both businesses were demonstrating some momentum, with results for the second half of the year expected to be markedly up on the first.

"The improvement in trading conditions reported at our interim results in October last year has continued, with a notable return to confidence across all our major markets, particularly the US," said Jens Montanana, Datatec CEO.

Back in the summer, the group forecast sales of between $4.1bn and $4.4bn and expects to be at the higher end of that revenue guidance, while profit after tax remains on track to be $58m.

"It appears that we are finally returning to a growth environment that we can believe in. Gross margins are firming and profit margins are expanding as the Group continue to benefit from increased operational leverage and geographical reach," said Montanana.


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