Browsing: Logicalis

News
Mixed performance from Datatec

Johannesburg-listed multinational technology distribution and services group Datatec has reported a slight decline in headline earnings per share for its financial year ended 28 February 2013, despite a 4% improvement at the top line and a strong performance by its Logicalis subsidiary

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Datatec in €24m European buy

Logicalis, a subsidiary of JSE-listed multinational IT group Datatec, has agreed to buy the European subsidiaries, excluding the UK business, of 2e2 for €24m (US$31m) in cash and new shares. Logicalis will acquire the business from the administrators of 2e2. In addition, the UK operations

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Westcon knocks Datatec

Datatec was trading off by more than 2% in midmorning trading on the JSE on Monday after it warned that its biggest subsidiary, technology distributor Westcon, experienced a weak third financial quarter. “Westcon’s performance in the third quarter has been

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Datatec in South American buy

A unit of Logicalis, a subsidiary of Johannesburg- and London-listed technology group Datatec, has bought the Colombian and Ecuadorian operations of Cibercall for cash. The value of the deal, which is being done by

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Datatec grows in tough market

Johannesburg- and London-listed technology distribution and services group Datatec has grown diluted headline earnings per share by 6,8% in the six months ended 31 August 2012 on the back of a 7% rise in revenue to $2,62bn. Describing the results as “solid” in a

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Datatec weathering economic storm

Despite slowing growth as a result of a weakening economic environment, JSE-listed technology group Datatec says it is still on target to meet its full-year growth forecasts. The group on Wednesday published an interim management statement covering the four-month period between

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Datatec revenue tops $5bn

Johannesburg- and London-listed technology distribution and services group Datatec has topped US$5bn in annual sales for the first time. In the financial year ended 29 February 2012, the group reported sales of $5,03bn, up 17% from $4,3bn a year earlier

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Datatec in Oz tech services buy

Logicalis, a subsidiary of JSE- and London-listed technology group Datatec has offered to acquire Corpnet, a Brisbane, Australia-based provider of IT services including data centre, cloud computing and managed services to the Queensland midsized and enterprise markets. The deal, which will be worth

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Datatec buys Netarx for $34m

Datatec subsidiary Logicalis has acquired Netarx, a supplier of Cisco products and services in the US mid-west, for a maximum consideration of US$34m, to be settled with cash and deferred Datatec shares. Netarx, based in Detroit

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Datatec buoyed by economic recovery

SA’s largest listed technology group, Datatec, has turned in a strong performance in its 2011 financial year, growing revenue by 15% to US$4,3bn and headline earnings by 46% to $44m. It has