Datatec reports good performance and results, as revenue mix changes

JSE-listed information and communications technology multinational Datatec says all its divisions delivered solid performances for the financial year ended February 28, as falling operating costs offset the effect of lower gross profits owing to a change in revenue mix, which saw an increased contribution from the distribution segment. Revenue was $4.1-billion, down by 2.5% from $4.2 billion revenue recorded in the preceding financial year. Earnings before interest, taxes, depreciation and amortisation (Ebitda) was $118.6-million, down from US$158.7-million in the previous year.

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