Logicalis gets gold star from Datatec

Growth of services business boosts integrator’s bottom line

Written by Doug Woodburn

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.

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.

See also:

reader comments

related articles

Logicalis makes UK acquisition

Integrator buys UK-based compliance vendor Iconium 23 Jan 2008

 

Logicalis launches free green consultancy

No doubt service provider Logicalis hopes its free green consulting offer will drum up future business 18 Oct 2006

Logicalis sticks by Randstad

VAR extends contract with recruitment firm 03 Sep 2007

Westcon secures funds for Euro acquisitions

Westcon Group has raised the spectre of further European acquisitions after bolstering its European war chest by €45m. 20 Mar 2008

Ingram and Avnet post mixed results

Financial results from global distribution heavyweights hint at tough year ahead 25 Apr 2008

Ingram steps cautiously into 2008

Broadliner posts solid 2007 year end results, but hints at belt tightening in 2008 as credit crunch hovers 14 Feb 2008

Europe takes outsourcing lead

Increase in European contracts has seen the market overtake the US as global leader for the first time 24 Jan 2008

latest news

Avnet grabs Abacus for £42.2m

UK components distributor finds a buyer after claiming its flagging share price undervalued its business 10 Oct 2008

Taylor Made boosts headcount

VAR continues recruitment drive through the tough times by adding five new staff 10 Oct 2008

Channel firms welcome AMD business spin-off

Resellers claim vendor’s divergence will benefit competitive landscape 10 Oct 2008

poll

Education gap?

Education gap?

Is there still business up for grabs in the education space?

Previous poll results

Vendor Q&A Session: Rick Wallis, NEC Computers

Vendor Q&A Session: Rick Wallis, NEC Computers

During this Q&A session Rick Wallis, UK Sales Director at NEC Computers, talks about the firm’s reasons for committing to a 100 per cent channel strategy

In The Studio with CRN: Dave Poskett, HP

CRN TV catches up with Dave Poskett, director of Solutions Partner Organisation for the UK & Ireland at HP

events

Channel Awards logo

CRN Channel Awards 2008

The Channel Awards recognise excellence and exceptional performance from businesses and individuals in the UK technology channel

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Advertisement

White papers

Search white papers

Top categories

Primary Navigation