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Technology group Alviva Holdings reported a slump in earnings for the six months ended 31 December 2019 due to woes in its ICT distribution segment, a change in accounting rules and foreign exchange losses.
Shares in technology distribution group Alviva Holdings tumbled more than 25% in intraday trading in Johannesburg on Friday after it shocked investors with a profit warning.
Promoted | In this episode of the podcast, TechCentral talks to Axiz executive Traci Maynard about the importance – and upsides and risks – of using incentives in the IT distribution channel.
Promoted | In this episode of the podcast, Axiz executive Traci Maynard returns for a discussion on recent research by Gartner that was surprisingly upbeat on growth prospects for the IT sector in South Africa.
Promoted | TechCentral speaks to Traci Maynard, an executive at technology distributor Axiz, about the important of ethical leadership and good corporate governance in South Africa’s IT industry.
Promoted | In this episode of the podcast, TechCentral speaks to David McMurdo, regional director for South Africa at Veritas Technologies, about the explosion of data and how companies are can control over it.
Shares in Alviva Holdings rose almost 5% on Monday after the technology group reported full-year revenue up 17% to R15.9-billion. Headline earnings per share climbed 9% to R2.97.