DAS H1 Sales Hit Strong AUD73 Million As Dicker Achieves Record First-Half.
DAS H1 Sales Hit Strong AUD73 Million – Dicker Data first half sales have increased 5 per cent to $A1.1 billion, taking revenues up 9.4 per cent year-on-year to a record $1.59 billion.
The sales increase of the overall business is partly attributed to a full 6-month contribution after the Hills acquisition last May, as well as to organic growth. First half revenue from the Dicker Access and Surveillance (DAS) business was $73 million, which includes new vendors.
The overall Dicker revenue increase includes software licences and virtual services as an agency fee incorporating standard commission and volume incentives, etc. Overall net profit before tax hit $54.1 million, up 7.8 per cent year-on-year, despite an increase in operating costs of 16.3 per cent.
According to Dicker Data, supply chain disruptions are easing but the company said the total value of open back orders is above $200 million.
““Our strategy of building a highly diversified business played a key role in our success in the first half.”Vlad Mitnovetski, Dicker COO.
“Profitability in our first half improved by over 7 per cent and inventory holdings decreased as the supply chain disruptions of recent years abated,” said Mary Stojcevski, Dicker Data CFO.
“The company’s net debt position remained flat despite continued growth and a small increase in net working capital investment.”
DAS H1 Sales Hit Strong AUD73 Million
DAS H1 sales hit strong AUD73 million- Dicker said demand from the company’s base of 10,200 installers and integrators across ANZ has remained strong. The performance of certain technology segments, such as devices, continued to be impacted by accelerated technology refresh cycles undertaken by businesses and governments in recent years to enable hybrid work.
Dicker reported software continues to outperform expectations, with 21 per cent growth in the first half.
“Our strategy of building a highly diversified business played a key role in our success in the first half,” said Vlad Mitnovetski, Dicker Data COO.
“Our role in enabling the digital transformation of Australian and New Zealand businesses, governments and communities requires us to represent a wide range of technologies.
“As IT continues to converge with many adjacent markets, we are well-placed to continue expanding to meet the evolving technology needs of the markets we service,” Mitnovetski said.
“Also, as the technologies we represent become increasingly complex and interconnected, our role as the technical and sales enablers for our partners continues to grow.”
Additions to the Dicker product and service portfolio in the first half of 2023 include Cloudflare, NetApp and Ajax.
“DAS H1 Sales Hit Strong AUD73 Million As Dicker Achieves Record First-Half.”