Datatec (DTC) FY23 – Results Snapshot

Diluted HEPS from combined operations -9.3cps (USD) compared to 15.8cps LY. Diluted HEPS from continuing operations down 180% y-y to -10.8cps.
Revenue from continuing operations increased by 13.1% y-y to $5 143m, driven by 18.3% y-y growth by Westcon International.
GPM fell by 160bps to 14.5%.
OPM decreased from 1.6% to 0.4%.
Expenses increased by 10.9% y-y to $726m, while expenses to revenue fell by 30bps to 14.1%.
Total dividend of 10cps (USD) declared.
Special dividend of R2.7bn paid on successful sale of Analysys Mason.
Gross debt up 30.8% y-y.
Cash from operations up 183% y-y.