Growth and profitability up year-on-year as enterprises respond to COVID-19 and accelerate digitalisation via key technologies, vendors and partners
LONDON, UK – 25th May 2021 – In its FY21 earnings announcement earlier today Datatec Limited reported Westcon-Comstor (Westcon International) revenue increased by 4.6% to US$2.6 billion, as a result of strong demand for networked cloud computing, remote access solutions for flexible working and virtual office environments, unified communications and enhanced cybersecurity.
Westcon-Comstor’s gross margins increased to 11.3% with higher margins in Europe and MEA while gross profit increased by 5.6% to US$291.0 million with improved results across all operating regions. Adjusted EBITDA (excluding restructuring costs) was US$52.5 million, again reflecting improvement across all regions.
“Our financial results…