Dicker Data revenue soars after 13 vendor wins

Dicker Data has grown its revenue by $59 million in the six-month period ending 30 June 2016 to hit $590.3 million.

It represents an 11 percent growth compared to the same six-month period in 2015, which turned over $531.5 million.

Underlying EBITDA was also up a modest 1.3 percent to $22.5 million, while net profit after tax was up 13.2 percent to $12.5 million.

New vendors were the biggest earners for Dicker Data, contributing $24.4 million in revenue for the half-year. In 2015 and 2016, Dicker Data signed up 13 new vendors, including HPE and Aruba, Microsoft CSP, Lenovo’s server business, Intel, Nimble Storage and Paessler.

Since the financial half year, Dicker Data has also won over Autodesk, Dell, ShoreTel and Logitech. Existing vendors still managed to grow 6.7 percent in revenue.

Looking ahead, Dicker Data said key initiatives for the remainder of the year include launching Microsoft CSP in Australia along with on-boarding more unique IP cloud vendors into its own cloud portal.

For the full financial year ending 31 December 2016, Dicker Data expects to make a pre-tax operating profit of $35 million.