The Channel logo

News

By | John Oates 18th November 2004 16:10

DiData back in profit

'Substantial progress in the last year'

Shares in South African disty and IT services group DiData rose this afternoon after the firm made it back into profit.

For the year ended 30 September 2004 DiData made a profit of $33m compared to a loss of just over $9m last year. Total turnover for the group was $2.48bn, up 18 per cent on last year's figure. Revenue in the UK grew 10.6 per cent. Solutions revenue grew nine per cent but gross margins fell 0.5 per cent.

Brett Dawson, Dimension Data's CEO, said: "Dimension Data has made substantial progress over the past financial year... We have achieved strong growth in revenues at improved gross margins, a return to operating profitability for the Group, good progress in turning around underperforming geographies."

The firm's South African business finalised its Black Economic Empowerment transaction which it believes will remove barriers to extended business in South Africa and the rest of Africa.

More detailed accounts available for download from DiData's website here. ®

Related stories

DiData wipes slate clean with Proxicom disposal
DiData reshuffles board
DiData buys Belgian reseller

alert Send corrections

Opinion

Houses of Parliament in night-time

Andrew Orlowski

Come on everybody, let's upload all our stuff into Government by Cloud
Joe Tucci EMC
frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up

Features

Alistair Darling and Alex Salmond debate Scottish independence
You keep the call centres, Hamish, we'll take the banks
Internet of Things
Everyone loves those Things, just not on each others' terms
No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever