Dicker Data has kicked off 2016 with 11.4 percent revenue growth in the first three months.
In the first quarter, ending 31 March, of Dicker Data’s 2016 financial year, sales grew to $268 million, up from $240 million at the same time last year.
Gross profit was down by 1.4 percent to $23.7 million, which Dicker Data pointed out was in line with its forecast. Chief executive David Dicker said last year’s higher-than-usual gross profit was due to a number of "significant vendor rebates and favourable investments in inventory".
Dicker Data signed 11 new vendors in 2015, including Intel, Nimble Storage, Paessler, Nuance Communications, BitTitan and Lenovo’s server range.
Quarterly net profit was $1 million ahead of the previous forecast, hitting $6.8 million - an increase of 10.3 percent from the previous year. However, Dicker Data maintained its original forecast for an yearly gross proft profit of $35 million, which would equate to 11 percent growth.
During Dick Data’s 2015 financial year ending 31 December, the company’s profit skyrocketed by 570 percent. This was mostly due to the acquisition of Express Data in 2014. Revenue was up 15 percent, cracking $1 billion for the first time.
Dicker Data’s shares were trading at $1.550 at 3:30pm 26 April, up 0.05 cents since the 2015 financial results were announced.
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