Dimension Data's revenue up 4.7% to US$1.46bn in fiscal Q3

Tuesday, August 23, 2011

South African IT services provider Dimension Data's revenue rose 4.7% year-on-year to US$1.46bn in the fiscal third quarter 2011 ended June 30, according to financial results released by the company.

Operating profit for Q3 was up 14.7% year-over-year to US$74.0mn. The company did not report net earnings.

According to the release, revenue in Dimension Data's systems integration (SI) business grew 3.5% in constant currency, but product declined by 2.3%, as a consequence of slower trading conditions in the US and Europe.

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Services in the SI business grew by 12.0%, with managed services up by 12.6% and professional services by 11.0%.

CEO Brett Dawson said that overall, the business continues to show growth from a revenue and profitability point of view over the 2010 financial year.

"After a very strong first half, we saw a softening in revenue in our third quarter. This was reasonably consistent across all regions. Close attention to margins and the cost base has driven the improvement of operating profit up 14.7% in the quarter," he said.

Use this link to view the full release.