Didata hails solid first-half

Cisco partner issues positive trading statement despite uncertain economic backdrop

Dimension Data (Didata) is continuing to prosper in the face of wobbly economic conditions, according to an interim management statement from the giant integrator.

The Cisco Gold partner said it continued to experience good demand in the trading period from 1 October to 14 February. It added that revenues and profitability improved in all regions and across all lines of business compared to the same period last year.

“Despite global economic uncertainties, the outlook for the group for the six months period to 31 March 2008 remains favourable,” the firm stated.

“We continue to experience solid demand, with growth rates, as anticipated at the time of our annual results, somewhat slower than those achieved last year. Our managed service offerings, broad client base and exposure to diverse geographic markets underpin our confidence in a healthy first half performance.”

Didata, which made revenues of $3.8bn (£1.93bn) last year, added that it still sees significant opportunities in the underlying macro industry trends. This includes the ongoing refresh cycle in networking, the adoption of IP-based IT infrastructure, the emergence of unified communications, the trend to multi-sourcing, and the deregulation, it said.

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