Datacentrix has released impressive results for the year ended 28 February.
While many other IT companies are cutting costs and retrenching staff members in the face of dropping revenue, Datacentrix says it will continue its growth spurt.
The company's profits were boosted from last year's R146 942 million to R153 176 million, and headline earnings per share grew a comfortable 61.5c. Revenue is up from R1 346 million to R1 513 million.
Not only is the company sporting a strong balance sheet, it is one of the few in the current economic climate to have declared a dividend, at 17c per share.
Datacentrix remains positive about the future, saying it has no plans to cut costs or staff; instead, it hopes to grow its staff complement over the coming year. “Datacentrix is currently expanding its offerings and skill sets, and therefore does not anticipate retrenchments in the coming year,” it explains.
The company attributes its success to its business model, saying Datacentrix focuses on "must have" instead of "nice to have" offerings. “That way, the company continues to play in that space, despite tough financial times and tight budgets.”
While it has had a traditional organic growth strategy, it is not discounting the possibility of lucrative acquisitions over the year.
Datacentrix has also appointed a new board member, Thenjiwe Chikane, who will take up a position in the audit and risk committee.
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