Datatec sees FY revenue, pre-tax profit down

International ICT company Datatec's shares were flat mid morning as it posted falls in its full-year revenue and pre-tax profit.

Software & Computer Services

2,469.20

15:44 15/11/24

-0.65%

-16.26

The company's full-year pre-tax profit was $41.7m, from $88.4m. Revenue was $6.1m, down from $6.5m.

"The year ended with a very challenging set of circumstances as Westcon-Comstor's SAP and BPO implementation negatively impacted the results of the EMEA region," said chief executive Hens Montanana.

"Logicalis' performance was satisfactory with a continuing trend towards a higher margin services business," Montanana said.

"The strategic value of our businesses is affirmed by the unsolicited approach# for a major share of Westcon-Comstor's operations."

At 12:01 BST, shares in AIM-listed Datatec were flat at 325p each.