Datatec on track in face of economic turmoil


Datatec on track in face of economic turmoil

Alex Scroxton

Westcon and Logicalis parent Datatec has turned in another strong performance during the four months to the end of December 2011 in the face of poor economic data, sovereign debt issues in Europe and weakening markets.

The firm paid lip service to a challenging market in the UK as having dented Logicalis' performance slightly, although a strong showing in Latin America helped ease some of the pain. Westcon, meanwhile, benefited from "good operaing leverages", and Europe was hailed for a good performance.

CEO Jens Montanana said the firm's "global reach and diversity are continuing to help insulate us against the poor economic backdrop of many of the world's economies. Latin America and Asia Pacific remain the best performing markets."

The clock runs out on Datatec's fiscal 2012 at the end of February, and the group today said that its earlier forecast of annual revenues of $5bn (£3.24bn) and post-tax profit of approximately $84m - both up significantly on 2011 - remained unchanged.

The group will produce full results for the financial year in mid-May.

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