Dicker Data Revenue Falls 9.6 Per Cent In Subdued QI Results.
Dicker Data Revenue Falls 9.6 Per Cent – Dicker Data gross revenue has fallen 9.6 per cent to $A694.8 million in a subdued first quarter of 2024.
Statutory revenue fell 10.4 per cent, to $485.9 million, net profit before tax fell 3.1 per cent to $24.6 million with earnings before interest, tax, depreciation, with amortisation steady at $33.5 million. The proposed rate for the interim dividends for FY24 will be 11 cents per share fully franked, an increase on the 10 cents per share paid in Q1 2023.
“Following 3 years of a high-growth environment, the market was more subdued in the first quarter,” Dicker Data chairman and CEO David Dicker said in an ASX release.
“Despite this, our market share with the majority of vendors either grew or remained steadfast, highlighting the strength of the company’s market position and performance.”
The company’s access and surveillance business unit, DAS, successfully launched its new distributorship of Hikvision across ANZ in Q1 2024.
According to Dicker, Hikvision’s investment into the artificial intelligence of things (AIoT) has enabled DAS to offer advanced threat detection and prevention and predictive security solutions to partners.
Dicker said the DAS business unit improved revenue and profitability year on year in Q1 2024 thanks to growth in new and existing vendors but was impacted by the building and construction sector slowdown. The company is expecting better market conditions in the second half of FY24 to enable the continued growth of its access and surveillance business.
“We are optimistic for the second half, with the company well-positioned to capitalise as the market returns to growth, as well as having several strategic growth initiatives underway,” Dicker said.
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“Dicker Data Revenue Falls 9.6 Per Cent In Subdued QI Results.”
