Dicker Data revenues hit $1.3 billion, backed by new deals with Dell EMC, Aruba and more

By on
Dicker Data revenues hit $1.3 billion, backed by new deals with Dell EMC, Aruba and more

A haul of new vendor partnerships helped Dicker Data grow its revenue by $120 million in the 2017 financial year.

Dicker Data finished the financial year with $1.3 billion in total revenue, up from 2016's $1.18 billion.

The company recorded a net profit after tax of $27 million, up 5 percent from $25.6 million the previous year, and an EBITDA of $48.1 million, compared to $45.4 million in 2016.

The distie added 18 new vendors in the 12 months ending 31 December 2017, partnerships which the company said contributed to $87 million in new revenue. The company's existing vendors brought in $33.8 million in new revenue.

New vendor signings included partnerships with monitor vendor BenQ, Pure Storage's full product portfolio, Symantec's Blue Coat network security portfolioDell EMC's full enterprise storage range, Hitachi Data Systems, Juniper Networks, Aruba, Aussie PC maker Venom Computers, Gigabyte, Seagate, Trend Micro and others.

The notable vendor additions helped the company keep revenues on track after Cisco pulled out of its distribution agreement with Dicker Data New Zealand, which set in motion a restructure of that business in August while the distie sought to plug the revenue gap. 

At a country level, Australia grew $116.1 million to $1.17 billion, while New Zealand was up $3.8 million to hit $131.5 million. 

The collection of enterprise data storage vendors saw the company launch a specialised enterprise data business unit, offering resellers new products for IoT and digital transformation solutions in the midmarket and enterprise sectors.

The company also added 36 staff in the year, with headcount across the group at 410 as of the end of financial year.

Dicker's shares closed at $2.90 each on Wednesday, up 2 cents per share on the previous close.

Got a news tip for our journalists? Share it with us anonymously here.
Copyright © CRN Australia. All rights reserved.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

How would you prefer to achieve the next phase of growth?
Acquire another company
Merge with another company
Get acquired by another company
Go public on the sharemarket
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?