Japan’s Nippon Telegraph and Telephone Corp (NTT), which is in the process of acquiring Dimension Data in a R24bn all-cash deal, should be pleased with the SA-based technology group’s latest financial results.
In the three months to 30 June 2010, Didata has lifted sales by a robust 22% over the same period in 2009, boosted by a good performance from its systems integration division.
Product volumes recovered strongly and managed services continued to grow in double digits, the London- and Johannesburg-listed group said on Thursday morning. All regions recorded growth in revenue, it said.
Though Didata did not provided specific details about improvements in group earnings, it said higher operating margins were achieved in four of the five geographic regions in which it operates.
However, a poor performance at Plessey, the African infrastructure business, resulted in it turning in a small loss for the quarter.
Didata described performance at its Internet Solutions and Express Data businesses as “satisfactory”.
“The group remains confident that its target of single-digit growth in constant currency for the full year is achievable.” — Staff reporter, TechCentral
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