Product sales bounce back as DiData files final results
Integrator Dimension Data has posted improved revenues and profits for the full-year to the end of September, with sales up 19% - 9% at constant currency rates - to $4.74bn (£2.98bn) and operating profit of $237.8m, up 22% in reported currency and 8% in constant currency.
In its last set of annual results before its shares are delisted next month following its acquisition by
, South Africa based DiData reported a strong performance in its key systems integration business, with sales hitting $3.89bn.
Product sales bounced back during the year in common with many of its
, up 11.3% to $2.73bn, while services grew 8.2% to $2.02bn. The group's Microsoft Solutions line of business grew by just over 20%, while security was up 19.8%, converged communications by 18.4% and data centre by 32.2%.
In Europe, sales grew by 8%, which DiData said it considered a "very strong" performance given the continued economic difficulties blighting the region. The UK, alongside Benelux and Germany, was singled out for particular praise.
DiData CEO Brett Dawson said the firm's "vision" of the market evolution, which focuses on sectors such as networking, unified comms, collaboration and virtualisation "continues to stand us in good stead".
"Our growth rates are greater than the market, implying market share gains in nearly all of our areas of focus," said Dawson.
"Our services journey remains on track and we envision Dimension Data developing and taking to market a richer array of managed services in the future. Increasingly our services opportunities are multi-year managed services, and we expect this to increase going forward," he added.