ICT powerhouse Datatec has reported positive results for the financial year ended 29 February, with revenue breaching the $4 billion mark.
This morning, the JSE-listed company reported its operating profit for this financial period was up 25%, while revenue had increased by 27%.
However, the company's gross margin was only marginally up, to 13.7% from 13.1% during the previous financial year.
Underlying earnings per share - which excludes goodwill impairment, amortisation of intangible fixed assets, profit or loss on sales of assets and business and unrealised foreign exchange movements in inter-company loans - grew by 21%.
Jens Montanana, CEO of Datatec, said the company's scale and geographic diversity was of continued benefit in achieving strong growth.
He said despite a slowdown in the US, "tight operating cost controls and improving productivity underpinned our solid progress".
The group extended its non-US operations during the relevant financial year, and it now accounts for 58% of total revenue.
The Westcon division accounted for 71% of the group's revenue, with Logicalis accounting for 21%.
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