Feeds

DiData triples profits

Revenues up too...

  • alert
  • submit to reddit

7 Elements of Radically Simple OS Migration

Dimension Data, the giant networking equipment reseller, tripled profit and increased turnover in the first half of the year ended 31 March 2005.

In the first six months DiData brought in $1.3bn in revenues, up 15.7 per cent on the first half of last year. Net profit for the six months was $6.3m compared to $1.4m last year. Gross margin is stable at 20.9 per cent.

Profits work out at 5 cents a share compared with 1 cent per share last year. Wall Street analysts were predicting earnings of between one and four cent per share.

Network Integration boosted revenues by 10.6 per cent while DiData’s Solutions division increased revenues by 43.6 per cent. Solutions accounts for 28 per cent of total group revenues, up from 22 per cent last year.

DiData shares on the London Stock Exchange rose 8.5 per cent and over seven per cent on the Johannesburg Exchange.

The company remains confident looking forward.

Brett Dawson, CEO at DiData, said: “Despite some uncertainty prevailing in the wider IT Services environment, we continue to see good demand in the market segments within which the Goup operates. As a result, the Group is confident that it will continue to deliver profitable growth.”

Press release here. ®

Related stories

DiData buys Aussie reseller
DiData back in profit
DiData back in the black

Best practices for enterprise data

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
VMware builds product executables on 50 Mac Minis
And goes to the Genius Bar for support
Multipath TCP speeds up the internet so much that security breaks
Black Hat research says proposed protocol will bork network probes, flummox firewalls
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Microsoft's Euro cloud darkens: US FEDS can dig into foreign servers
They're not emails, they're business records, says court
Microsoft says 'weird things' can happen during Windows Server 2003 migrations
Fix coming for bug that makes Kerberos croak when you run two domain controllers
Cisco says network virtualisation won't pay off everywhere
Another sign of strain in the Borg/VMware relationship?
prev story

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?