JENS MONTANANA,
CHIEF EXECUTIVE OF DATATEC, COMMENTED:
"The Group delivered a strong operational performance during FY23 benefiting from continuing trends in networking and cyber security.
Westcon International delivered another excellent financial performance. The significant performance improvements in recent years have driven an increased valuation of the division resulting in a high once-off accounting charge for FY23 relating to its share-based remuneration plan which materially impacted all of the earnings metrics.
Datatec is an international ICT solutions and services group operating in more than 50 countries across North America, Latin America, Europe, Africa, Middle East and Asia-Pacific. Through its core divisions, the Group offers Technology Distribution (Westcon International) and Integration & Managed Services (Logicalis International and Logicalis Latin America).
COMMENTARY