Datatec CEO Jens Montanana says AI has permanently enlarged demand for computing, networking and cybersecurity.
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Datatec shareholders took two-thirds of a R7.05-billion special dividend in new shares instead of cash.
Datatec Group’s underlying EPS jumped 35% as enterprise AI and cybersecurity spending lifted earnings significantly.
Datatec’s 361% five-year total shareholder return puts it among the best-performing tech stocks on the JSE.
Datatec has more than doubled its interim dividend after reporting a 110% year-on-year jump in headline earnings per share.
AI workloads have fuelled demand for products that businesses in the Datatec group provide, boosting profitability.
Datatec CEO Jens Montanana believes there are still opportunities to unlock significant value for the group’s shareholders.
Datatec has cut its dividend after reporting a decline in profit for the 2024 financial year.
JSE-listed Datatec has agreed to sell its Analysys Mason business for as much as £210-million, with the proceeds to flow directly to the group’s shareholders.
As part of an effort to unlock shareholder value, Datatec is in talks about a potential transaction involving its Analysys Mason subsidiary.