Datatec’s annual financial statements show an increase in revenue, but a substantial drop in profits.
Datatec has published its audited financial results for the year ended 29 February 2024, revealing a slight increase in revenue and a significant drop in net profit.
However, CEO Jens Montanana noted that the company reported strong operational performance, with operating profit growing 15.8% to $862.2 million . The company attributed its strong operational performance to “continuing excellent performance” from Westcon International, strong performance from Logicalis International, and improved cash generation from operations, among other things.
Headline Jens Montanana Logicalis International Westcon International Business
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