Jul 18, 2012
Datatec year-end forecast remains on track despite market pressuresBack
Afina Group|Africa|Consulting|Environment|SECURITY|Technology|Triple AcceSSS IT|Africa|Europe|Latin America|North America|United States|Communication Technology|Product|Services|Solutions|Jens Montanana|Asia Pacific|Caribbean|North Africa
© Reuse this
The information and communication technology group noted that market conditions in the Asia Pacific and Latin America remained resilient, but continued to be dragged down by a slowing US economy and a weak European environment.
In its interim management statement, released on Wednesday, Datatec reported improved overall revenues across all divisions during the period from March 1 to June 30, compared with the comparative period the year before.
CEO Jens Montanana stated that, while subsidiaries Logicalis and Consulting Services performed relatively robustly during the period, Westcon’s lagging performance in developed markets, such as Europe and North America, placed pressure on overall gross margins.
“Although the outlook has become more uncertain, the defensive nature of our business model continues to be a strong asset," said Montanana, adding that its diversified business and global footprint enabled improved revenues and underlying earnings in a difficult environment.
Datatec has been aggressively pursuing acquisitions to “broaden and deepen” Westcon's product portfolio, add and enhance relationships and expand its footprint, particularly in Latin America, the Caribbean, Europe and North Africa.
The subsidiary recently bought Austrian value-added security distributor Triple AcceSSS IT and its Swiss subsidiary; Latin American and Iberian multinational security, virtualisation and data centre distributor Afina Group; and Indonesian value-added distributor of information security, networking and convergence solutions PT Netpoleon.
Datatec forecast revenues of between $5.5-billion and $5.8-billion for the year ended February 2013, as well as an estimated profit of $104-million, underlying earnings a share of about 55c and earnings and headline earnings a share of about 50c.
The group would release its interim results for the six months ending August 2012 in October.
Edited by: Mariaan Webb© Reuse this
Creamer Media Senior Researcher and Deputy Editor Online
To subscribe email firstname.lastname@example.org or click here
To advertise email email@example.com or click here
Recent Research Reports
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Energy Roundup – February 2016 (PDF Report)
The February 2016 roundup covers activities across South Africa for December 2015 and January 2016 and includes details of a Government Gazette notice that confirms Cabinet’s decision to move ahead with the 9 600 MW nuclear procurement programme; State-owned power...
Energy Roundup - December 2015 (PDF Report)
The December 2015 roundup includes details of State-owned utility Eskom’s application to claw back R22.8-billion; South Africa’s ranking as an investment destination for renewable energy; and a nuclear expert’s thoughts on reactor designs for South Africa’s nuclear...
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
This Week's Magazine
Power and automation company ABB is in the launch phase of its highest payload, multipurpose industrial robot, the IRB 8700. The robot has a reach of 3.5 m and can handle a payload of up to 800 kg. “When designing the IRB 8700, we emphasised reach and payload, as...
Identity and Access Management (IAM) is a critical facet of a connected security ecosystem, as controlling the confidentiality, integrity and authorisation of data access and use is key to securing new digital business channels. However, companies face several...
Data underpins digital business models, the digital economy, the Internet of Things and the fundamental changes in the ways people interact and protecting data is crucial to securing new ways of doing business, says T-Systems South Africa information and...
The City of Cape Town will issue a tender for the procurement of electric buses for its MyCiTi service, in line with the council’s commitment to lower its carbon footprint, says executive mayor Patricia de Lille. The tender, to be advertised early in February, will...
The iSimangaliso Wetland Park Authority signed a R10-million contract last month with local tailings storage facility specialists Cyclone Engineering Projects to remove about 100 000 m3 of dredge spoil obstructing the natural course of the uMfolozi river, in...