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15 Jul 2008
Integrator Logicalis has been singled out for praise in parent Datatec’s interim management statement.
South-Africa listed IT group Datatec, which also owns networking distributor Westcon, expects revenues for the six months to 31 August to exceed $2.2bn, compared to $1.9bn in the same period last year.
Datatec claimed Logicalis’ strong performance in the second half of last year has continued into this year with the integrator recording its best first quarter to date. The VAR has seen its operating profit margin expand this year, which Datatec attributed to the evolution of its services business and a strong performance in South America.
Further reading
Datatec was less bullish about Westcon, despite the distributor’s first quarter performance exceeding the same period last year. The company alluded to a subdued performance in the US as well as slower growth in Europe, although South America and Asia Pacific both put in “robust” performances.
“Despite continuing softness in the US and slower market conditions now impacting many parts of Europe, the Board expects that the Group will deliver good revenue growth for the first half of the year and an improved financial performance when compared with the same period last year,” the company stated.
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