The Channel logo

News

By | Joe Fay 19th August 2010 08:16

DiData claims strong trading in interim results

Final numbers count down to NTT borging

Dimension Data reported a "strong trading performance" for its third quarter, which should reassure its soon-to-be parent NTT.

The South African-spawned, London-listed distie said turnover in constant currency was up 22 per cent for the period ending June 30, albeit against a relatively weak quarter last year. It highlighted a strong performance at its systems integration business and ongoing weak trading at its Plessy arm.

It saw good growth in operating profit and improved operating margin year on year at the SI business, with all regions showing turnover growth, and four out of five showing growth in operating margins.

Its Internet Solutions and Express Data arms were "satisfactory", while the Plessy business was "slightly loss making".

DiData expects to show single digit revenue growth for the full year, and remains "positive" about its short and medium term prospects. Full year results last year were revenues of $4bn, with operating profits of $193m.

NTT announced last month that it was taking over DiData for $2.1bn. The takeover is expected to boost both companies' pitch in the cloud market. ®

alert Send corrections

Opinion

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow
Pure Storage array

Neil McAllister

How the cloud taught Redmond to play by a new set of rules

Features

Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly
Fraud image