DAS Revenue Grows 45 Per Cent In FY23.
DAS Revenue Grows 45 Per Cent – Dicker Access & Surveillance has grown revenue by more than 45 per cent to $A153.3 million, up from $82.8 million in its first full year of reporting after acquiring the Hills security business. The revenue increase includes $6.7 million from Connect Security Products in NZ.
In 2023, DAS completed a branch network overhaul covering 10 sites across Australia, launching 4 new locations and upgrading 6, while its distribution was integrated into Dicker Data’s Kurnell upgraded distribution centre. In addition to the brands acquired in NZ, the division added 6 new brands to its offering, including, I-Pro, Ajax, Halo and Hikvision.
According to Dicker Data, the division has now successfully completed integrating all previous access and surveillance acquisitions and “has created a foundation for accelerated growth in FY24 and beyond, marked notably by the addition of Hikvision, the world’s second-largest surveillance vendor by market share, in February 2024”.
DAS Revenue Grows 45 Per Cent In FY23
Meanwhile the overall Dicker Data business grew gross revenue by 5.6 per cent to $A3.28 billion in 2023, while increasing net profit 12.5 per cent to $82.15 million.
“We continue to see strong growth in both subscription and recurring revenue software businesses, reflecting the ongoing trend toward recurring revenue models by vendors, as well as Dicker Data’s increased market share,” Dicker Data told shareholders.
In 2023, Dicker Data increased its active partners in Australia by 20 per cent to over 10,000, while its active partners in New Zealand grew by 15 per cent to 2300.
“The last few years have been somewhat difficult,” Dicker Data’s CEO David Dicker said. “However, we still increased gross sales by over 5 per cent and after-tax profits by 12.5 per cent.”
“Our NZ operation continues to improve, and our security business has great growth potential. All in all, a very satisfying result, especially when compared to our direct competitors, and the more general market.
“Things are starting to look up on the general front and 2024 looks promising.”
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“DAS Revenue Grows 45 Per Cent In FY23.”
