Steady as she goes at Datatec
Logicalis, Westcon daddy cautiously chuffed
Datatec has issued an upbeat trading statement claiming that profits and sales at its integration arm Logicalis and distribution business Westcon continue to improve.
The South Africa-based giant said top and bottom lines for the four months ended 30 June were up on the same period a year ago, and the group remains on track to hit forecasted fiscal 2012 revenues of $4.8bn to $5.1bn and profits of around $84m.
In a blurb, Datatec boss Jens Montanana said: "Our global diversity and broad business mix have contributed to enable us to grow revenues and improve margins, in line with our expectations, despite varying economic conditions around the world."
He added that South America and Asia remain the most bullish markets for the group.
Westcon remained steady with a rise in sales and operating profits; the best growth came from Asia Pacific, Africa, India and Middle East (AIME), but North America showed some resilience and gross margins in Europe climbed.
Integration unit Logicalis made the most of a spike in cap-ex investments by telco service provers in Latin America but business in other regions "remains satisfactory".
"The UK is performing well, despite local economic weakness and good progress is being made in the US in new business segments," said Datatec.
The consulting division was gaining its legs again, though discretionary spending among corporate and telco customers "remains constrained". But last year's restructure and repositioning at Analysis Mason had improved its results.
The group is due to report interim half-year results for the period ending 31 August on 12 October. ®