Dicker Data reports $1.5 billion revenue

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Dicker Data reports $1.5 billion revenue

Dicker Data has reported its unaudited full-year 2018 revenue of $1.49 billion.

In a noticed released to the Australian Stock Exchange this morning, the distie highlighted an increase of 14.4 percent from its 2017 revenue of $1.3 billion.

Dicker cited the realisation of full value from new vendors introduced during 2017, new vendors introduced in 2018 and strong existing vendor performance as the reasons behind the result.

The company reported a pre-tax profit of $46 million, a year-on-year increase of 15 percent. 

Dicker noted a detailed report of all financial results would be released by the end of February.

In August 2018, Dicker Data told the market it's Australian business was cushioning a hit to the New Zealand subsidiary, which suffered following Cisco ending it's agreement with the distie in that country.

“Since the Cisco exit we have onboarded several new vendors including HPE, Seagate, APC and HDS. If we exclude the contraction of the Cisco revenue, overall growth in New Zealand was $2 million or 5.5 percent,” Dicker Data CEO David Dicker told shareholders at the time.

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