JSE-listed Datacentrix attributes its steady growth for the interim period to its focus on business-critical solutions and services, which it says has shielded it from the IT slowdown.
Operating income for the six months to August grew 24% to R19.4 million, off a turnover of R255 million, also up by 25% for the period.
Headline earnings per share grew 20% to 8.4c and tangible net asset value grew 35% for the comparable period.
Executive chairman, Gary Morolo, attributes the group`s growth during the local economic downturn to its "niche focus, partnership approach with both clients and technology partners, and ability to execute".
Morolo maintains that Datacentrix is capitalising on its strategy of doing business directly with independent technology partners.
"We are essentially capitalising on the current channel woes," he explains. "With our accreditations and strong balance sheet, we have managed to put ourselves onto a new competitive level and are being selected directly by manufacturers to partner in new infrastructure projects.
"In terms of partnerships, Datacentrix expects to benefit substantially from the proposed HP/Compaq merger as we enjoy strong relationships and growing business with both parties," he says.
The only division that didn`t show growth was e-business, reporting an operating loss of R4 million for the period.
However, the group announced that its e-business company Commerce Centre has launched an online procurement solution to the healthcare industry which will be rolled out in the second half of the financial year.
The group finished the year with R51 million cash on hand and no interest-bearing debt.
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