Datacentrix Holdings Limited has announced outstanding financial results for the financial year ended 28 February 2007, with a revenue increase of 16% to R1.2 billion.
Earnings before interest, taxation, depreciation and amortisation (EBITDA) is up 40% to R124.6 million, headline earnings per share (HEPS) increased 41% to 40.4c per share and basic earnings per share (EPS) grew 57% to 40c per share. Cash on hand is R173.8 million at 28 February 2007.
Datacentrix chairman, Gary Morolo, states the group has done well over the past year, largely due to positive trends within the economy and the disciplined focus of the company.
"All divisions of the company performed creditably in both private and government sectors. High growth areas such as enterprise systems, ERP solutions and selective outsourcing have done particularly well, leading to improved margins."
"Growth to date has been organic, in line with the company's stated strategy," adds Morolo. "With ongoing consolidation within the marketplace, Datacentrix will review acquisition opportunities as they present themselves."
Morolo says Datacentrix's offerings are moving up the value chain, with the organisation engaging in more complex, solution-driven projects resulting in better margins. In particular, the group has been building up its outsourcing capabilities, including desktop, server and managed print services, with encouraging early successes that should certainly contribute to growth going forward.
From a management perspective, the structural changes announced at the end of last year, in particular the appointment of Ahmed Mahomed as COO, have taken effect and the company continues to perform as per expectations.
Datacentrix is also proud to announce a partnership with Microsoft to establish the Datacentrix/Microsoft Learning Academy, providing students across the country with the theoretical and practical experience required to enter the IT working arena. After completion of the learnership programme, students will boast NQF level 5 (MCSE or MCSD) and 12 months practical experience. The aim is to improve the skills supply for both the industry and Datacentrix.
"General buoyancy and anticipated government acceleration of infrastructure development holds good prospects for Datacentrix. The company remains positive about prospects for the coming financial year."
The group maintains its dividend policy of two times HEPS cover with a final dividend payment of 13.2c, resulting in an annual dividend of 20.2c.
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