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Results summary for the year
Jens Montanana, Chief Executive of Datatec, commented:
The year ended with a very challenging set of circumstances as Westcon-Comstorâ€™s SAP and BPO implementations negatively impacted the results of the EMEA region.
Logicalisâ€™ performance was satisfactory with a continuing trend towards a higher margin services business.
The strategic value of our businesses is affirmed by the unsolicited approach for a major share of Westcon-Comstorâ€™s operations.
(FY16: US$6.45 billion)
(FY16: US$162.1 million)
Underlying* earnings per share
11.0 US cents
(FY16: 32.0 US cents)
Strategic value of the Groupâ€™s businesses maintained despite poor performance in FY17
Strong growth in Westcon-Comstor security segment
continued increase in services mix driving higher gross margin
Final stages of Westcon-Comstorâ€™s
implementation in EMEA materially impacted the last few months of FY17