Dimension Data reported a solid set of interim results on Wednesday, with trading in the Americas region the only problem for the group.
”Our regional performances were strong, with the exception of the Americas,” said chief executive officer Brett Dawson.
For the six months ended March 31, the company’s profit attributable to equity holders rose to $66-million, or US3,8 cents a share, from $55,88-million, or US3,4 cents a share, in the same period a year ago.
Profit for the period under review came in at $71,61-million, an increase from last year’s $66,90-million.
The performance of the American business was clearly an impediment to growth with the effects of the financial services industry downturn in the north-east of the United States causing a severe impact on the company.
However, Australia, Europe and Middle East and Africa ”all delivered excellent growth”, Dawson said.
Europe was an outstanding performer in the period, delivering strong growth in revenues and a doubling of operating profit.
Asia experienced revenue challenges due to its exposure to global financial services and multinational clients, however, growth in Asia’s services revenue base and a focus on cost management helped to deliver a strong increase in operating profit, Dawson said. — Sapa