"The Group delivered strong results in the past year, supported by good operational execution in all divisions in the face of growing global economic uncertainty.

"Westcon International returned to profitability and Logicalis Latin America produced an exceptional performance, as did Analysys Mason, our Management Consulting division, which continued to benefit from demand for 5G expertise.

"The Group generated significantly improved cash flows while we returned US$60 million to shareholders through a special dividend and ongoing share repurchases during the year.

"Since the start of the new financial year, the COVID-19 pandemic has taken its toll on economies, communities and business everywhere. We were able to adjust and move rapidly to a remote working environment across the Group and all divisions. We have seen increased demand for technologies and services required to enhance remote working in areas such as security and network access solutions, cloud migration and infrastructure virtualisation, as well as unified communications.

"I would like to thank all of our employees, customers and suppliers for their continued support during these unprecedented times.

"Datatec is well positioned to navigate the current environment in spite of the extremely uncertain macro-economic outlook. Good demand for our solutions and services is expected to continue, while we focus on costs, balance sheet and liquidity management."


Current trading and outlook

The declaration of COVID-19 as a pandemic by the World Health Organisation ("WHO") on 11 March 2020, at the start of the Group's new financial year, heralded an unprecedented global economic and humanitarian crisis.

The Group's immediate response was to keep employees safe in accordance with government guidelines in all geographies of operation which typically involved maximising working from home, social distancing and all advised measures to limit the spread of COVID-19...

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