"Datatec's first half results were supported by excellent operational execution with all divisions delivering strong top and bottom-line growth as the positive impact of increased digitisation on recurring software and services continues."
"Based on the Group's healthy financial position and following the repayment of loans by Westcon International put in place at the time of the SYNNEX transaction, the Board is pleased to return the proceeds to shareholders through a US$70 million special dividend."
Current trading and outlook
The robust performance and upward trend in all our divisions during H1 FY22 are expected to continue into the second half of the financial year as Westcon International and Logicalis look to satisfy the continuing demand for software and services in networking, security and cloud infrastructure.
Datatec's strong balance sheet provides a firm foundation to support growth and new initiatives as most economies start to rebound. The Group's well diversified business mix and global presence should result in significant opportunities despite the ongoing semiconductor shortage which is expected to continue to impact the supply chain well into 2022.