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Datatec Limited (JSE:DTC) News - Trading update for the year ended 28 February 2022
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec" or "Group")
TRADING UPDATE FOR THE YEAR ENDED 28 FEBRUARY 2022
Datatec, an international Information and Communications Technology (ICT)
company, today provides a trading update for the year ended 28 February
2022 ("FY22"). Comparative references are made to the year ended 28
February 2021 ("FY21").
The Group achieved a very strong operational performance during FY22 as it
continued to benefit from technology demand for networking, security and
cloud infrastructure with an increased software and services mix. Group
revenue for FY22 is expected to be approximately US$4.65 billion (FY21:
US$4.11 billion), representing a year over year increase of 13%.
All divisions performed well, with approximate revenues for FY22 per
division expected to be as follows:
Revenue FY22 FY21
US$ million US$ million % increase
Logicalis 1,660 1,450 14%
Westcon International 2,900 2,586 12%
Analysys Mason 90 73 23%
Revenues would have been higher if not for the global semiconductor
shortages and ongoing supply chain constraints. As a result, closing
backlog (sales orders waiting to be fulfilled) grew significantly in both
the Logicalis and Westcon International divisions, compared to FY21. The
semiconductor shortages and supply chain issues are expected to continue
for the foreseeable future.
The financial information on which this trading update is based has not
been reviewed nor reported on by the Group’s external auditors.
The Group intends to release its FY22 results on SENS on or about 24 May
2022.
Johannesburg
16 March 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 16-03-2022 08:00:00
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