Dicker Data hits record growth

By Allie Coyne on Sep 3, 2012 9:17 AM
Filed under Hardware

But results fail to win over analysts.

Dicker Data has posted record results for its 2012 financial year, with net profit up 35 percent to $8.3 million for the period.

Despite “more difficult economic conditions” than in 2011, Dicker Data grew its revenue 18 percent to $457 million - a result the distributor attributes to the larger warehouse it opened to November 2010. 

It will add an additional 5000 square metres to its current 4000 square metre capacity in September. The project is expected to take 26 weeks.

Dicker Data said it also had new partnerships with Lenovo, Asus and Buffalo to thank for the record growth.

Over the coming year it will review its vendor mix, with significant focus on cloud and data centre strategies.

CEO David Dicker told shareholders that despite the positive results, the distributor was yet to win over the analyst community.

"I am constantly told that our dividends are too high, [that] we do not have índependent' directors and there are not enough shares with the public,” he said in a statement.

“Rather than discuss that with detail I will just say that our results speak loudly and I am very comfortable with our strategies.”

Dicker was not available for comment at the time of publication.

 
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