Menu
Datacom NZ posts 7.3 percent revenue gain

Datacom NZ posts 7.3 percent revenue gain

Profit up two percent year on year.

Datacom has grown its year on year revenue and profit in ANZ and Asia for the year ended 31 March, with a 9.5 increase in operating revenue for the group and a 13.8 percent increase in net profit after tax. The increases brought revenue to $667 million and profit to $30.2 million. The local business posted revenue of $295 million, a jump of 7.3 percent on last year, while Australia/Asia grew 11.4 percent to $372 million.

The New Zealand business’ net profit before tax was up two percent year on year.

Locally, the company described its year as solid, saying it experienced notable growth in its software development and application management businesses.

The Datacom Group has also raised staffing levels, with New Zealand employing an extra 160 staff during the reported period and Australia/Asia adding 148. Goup staff numbers now total 3,383, up 10 percent on last year.

Alongside its financial results, the company has announced the promotion of former Australia/Asia CEO Michael Browne to Group CEO. He had been in his previous role since 1999. He joined Datacom in Wellington in 1992 and headed the group’s Malaysian business in 1997.

Browne will work closely with New Zealand CEO Greg Davidson, Datacom says.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Datacom

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments