Dicker Data has experienced growth in both revenue and profits in the first half of its financial year.
The distributor posted revenue of $717.5 million in the six months to 30 June, up 13.5 percent from $632.4 million recorded in the same period last year. Net profit after tax was reported as $15.8 million, up 22 percent from $13 million.
Dicker said new vendors that came on board in the last 12 months contributed to the $35.8 million increase for the period, while existing vendors also saw 8 percent revenue growth.
The distributor's Australian business continues to cushion the declines from Dicker Data New Zealand, revenue for which declined 39 percent while Australian revenues grew 19.3 percent.
“With the exit of Cisco in New Zealand we have reset our strategy to focus on growth in New Zealand with new vendor partners,” chief executive David Dicker told shareholders.
“Since the Cisco exit we have onboarded several new vendors including HPE, Seagate, APC and HDS. If we exclude the contraction of the Cisco revenue, overall growth in New Zealand was $2 million or 5.5 percent.”
The distie expects to invest further into hybrid IT, IoT, digital transformation and wireless
technology as demand increases, and will meet its previous guidance of $42.5 million in profit before tax for its full 2018 financial year.
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