JSE-listed multinational IT group Datatec raked in US$5bn in revenue in its 2012 financial year, which ended on 29 February, despite what it calls “challenging conditions” in North America and Europe.

For the financial year, the group expects revenues of about $5bn, from $4,3bn in 2011, and profit after tax of about $84m, up from $46m a year ago. It expects to report underlying earnings per share of approximately 47c (2011: 37,9c) and both earnings and headline earnings per share of approximately 42c (2011: 22,8c and 23,9c respectively).

“Conditions have remained challenging in North America and Europe,” it says. “There have been signs of recovery emerging in the US. However, the environment in the UK is still very weak. Latin America, in particular Brazil, had another period of exceptional performance.”

Datatec expects to release its full-year results on 16 May. — Staff reporter, TechCentral