Dimension Data profits and rev climb

Trumpets 'favourable macro IT industry trends'

By Kelly Fiveash • Get more from this author

Posted in IT Channel, 14th November 2007 11:56 GMT

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IT services firm Dimension Data said today that total revenue rose to $3.8bn for the year, up by nearly a quarter on its 2006 results.

Pre-tax profit also jumped significantly year-on-year to $150m from $65m previously, while earnings per share are up to 5.6 cents - an increase of 180 per cent on 2006.

Dimension Data said in a statement that it had so far swerved any direct impact from the current uncertainty in the global financial markets, and reckoned it had performed well because of what it described as "favourable macro IT industry trends".

The deregulation and expansion of telecoms as well as IP-based IT infrastructure convergence had helped bump up results for the year ended 30 September 2007, said the firm.

But it cautiously noted that it will "continue to monitor [financial market] developments closely".

The group said revenue growth from Asia and EMEA had been particularly robust. It also said that the firm had felt no material impact from recent acquisitions in Brazil, Czech Republic and Namibia.

It expects rates to slow somewhat for the year ahead, but still forecasts strong organic growth for 2008.

The full Dimension Data results can be viewed here (pdf). ®

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