Feeds

DiData is rich

Cash in hand

  • alert
  • submit to reddit

It's been a busy year for Dimension Data, Europe's biggest networking equipment reseller, and the company has not come out unscathed from recessionary pressures afflicting the industry.

But any problems it faces pale into insignificance compared with most rivals. At the close of the year ended 30 September 2001, DiData had $920m cash in hand.

The company made a big splash in the US market, mopping up four resellers, and outbidding Compaq to get Proxicom and a place in ebusiness integration. Time will tell whether Proxicom overpaid.

Turnover during the year was up 24 per cent to $2,460.3 million. Net profit before exceptional items was up 12% to $160.6 million. And net cash inflow was $186.3m. This is evidence of a tight fiscal ship.

During the year, headcount in continuing operations was reduced by 14 per cent and operating expenses were cut by 11 per cent. ®

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?