Datacentrix focuses on organic growth following strong 2013 FY - CNBC Africa

Datacentrix focuses on organic growth following strong 2013 FY

Earnings

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An electronic connection. PHOTO: Getty Images

The company’s revenue for the year ended 28 February 2014 grew 19 per cent to 2.2 billion rand from 1.9 billion rand in the previous comparative year.

Headline earnings per share also increased 15 per cent to 45.6 cents from 39.6 cents in 2013.

“The group is in a robust position, with strong operations and a sound balance sheet. The group achieved healthy revenue growth of 19 per cent, within the context of a challenging trading environment,” Datacentrix said in a statement.

“This was supported by strong growth in the Managed Services and Technology areas of the
business.”

[DATA DCT:Datacentrix] is an information and communications technology (ICT) company based in South Africa that specialises in providing secure ICT solutions.

Earnings before interest, tax, depreciation and amortisation for the period under review were reported at 152.3 million rand from 126.3 million rand in 2013. Operating profit also grew to 125.2 million rand from 106.1 million rand in the previous year.

(READ MORE: S.Africa's Datacentrix sees revenue growth in 2013)

“Group performance was categorised by strong earnings growth in managed services as well as solutions sales in the technology division of the business,” Datacentrix explained.

“The continued focus on intelligent, higher value solutions is contributing positively to group performance, with areas such as managed services, security, datacentre and storage solutions in particular, gaining momentum in the market.”

Revenue in the group’s managed services division grew to 518.2 million rand in 2014 from 414.6 million rand in the previous year.

Its technology division also saw an increase in revenue from 1.3 billion rand to 1.5 billion rand in 2014, and the business solutions segment took the same turn with growth from 129.5 million rand in the previous year to 164.3 million rand.

A gross cash dividend of 8.17 cents per share for the year ended 28 February 2014 was declared.

“Datacentrix is a well-positioned services and solutions-led organisation that is successfully competing in its selected areas of competence,” said the group.

“As with the rest of the market, the organisation will have to contend with the external challenges presented by an uncertain economic environment and tightening IT budgets in the coming year.”

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