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.
General Atlantic is backing Westcon-Comstor as investor and lender, freeing R7.1-billion for a planned special dividend.
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.
True cloud value comes when migration evolves into modernisation, driving measurable business outcomes.
AI workloads have fuelled demand for products that businesses in the Datatec group provide, boosting profitability.
IT distributors were once glorified box droppers. Today they need to be so much more, says Westcon-Comstor CEO David Grant.
Datatec CEO Jens Montanana believes there are still opportunities to unlock significant value for the group’s shareholders.