The Channel logo

News

By | Paul Kunert 15th March 2012 11:07

Datatec hits $5bn sales milestone, profits rise

But Blighty market 'very weak', says channel giant

Preliminary numbers from channel behemoth Datatec – parent of distie Westcon and integrator Logicalis – show it has broken the $5bn sales barrier, but they also reveal that IT spending in the UK remains "very weak".

For the year ended 29 February, the group expects revenues of roughly half a billion dollars, up from $4.3bn in the previous year and a massive 82 per cent rise in profit after tax to $84m.

The firm said that since its last market update in January "conditions have remained challenging in North America and Europe".

Datatec added: "There have been signs of recovery emerging in the US, however the environment in the UK is still very weak. Latin America, in particular Brazil, had another period of exceptional performance."

The full year audited results are due out in May. ®

alert Send corrections

Opinion

Chris Mellor

How long before Blue Big HQ pulls the plug on the whole thing?

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust