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DiData reveals strong FY10 results

DiData reveals strong FY10 results

However, its subsidiary, Express Data, reported a 2.3 per cent decline in revenues due to product pricing pressures caused by the strong Australian and New Zealand currencies during the period.

Dimension Data has reported strong 2010 financial results experiencing growth across the business for the year ending September 30.

Revenue reached $4.74 billion, which is up 19.4 per cent over the previous period. These results were supported by the appreciation in the average exchange rates of some of the Group’s main trading currencies, particularly the South African Rand and the Australian dollar against the greenback. Operating profit was $237.8 million, up 8.2 per cent.

In Australia, revenue was up 8.2 per cent and it experienced 22.9 per cent growth in services. Operating profit and margin grew $34.8m and 5.3 per cent respectively.

However, its subsidiary, Express Data, reported a 2.3 per cent decline in revenues due to product pricing pressures caused by the strong Australian and New Zealand currencies during the period.

Overall, the Group’s systems integration business delivered a very strong performance across all regions. Its revenue grew 14.9 per cent to $3.89b and operating profit increased 31.8 per cent to $183m.

In a statement DiData revealed growth in systems integration, was supported by managed services rising to 14.1 per cent and professional services growing 14.7 per cent.

“The Group’s vision of the market evolution which focuses on key high-growth technology sectors including the network, unified communications and collaboration, and virtualisation, continues to stand us in good stead,” DiData CEO, Brett Dawson, said. “Our growth rates are greater than the market, implying market share gains in nearly all of our areas of focus.”

Product revenues bounced back to $2.73b, which is up 11.3 per cent. Services reached $2.02b, up 8.2 per cent.

Exceptional costs of $15.2m were also factored in, relating to the NTT transaction.

Dawson also indicated it would continue to invest in its employees.

“We place enormous emphasis on our employee base of technology and managed services specialists with the skills to offer value-added solutions and services to our clients, particularly in the areas of unified communications and collaboration, virtualisation and network performance and optimisation,” Dawson said.


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