SHARES in Datatec rose 3.19% to close at R63 after it reported strong full year performance on Thursday.Technology firm Datatec reported revenue growth of 13.3% to $6.4bn, which it said it expected to maintain driven by among other things demand for cloud solutions.Datatec has maintained strong growth over the years thanks to its geographic diversification and business mix. It generated $186.2m cash from operations from $32.2m."Our revenue growth continued this year, driven by a strong recovery in sales and market share at Westcon…. We have maintained our dividend over the past three years despite volatile earnings," said CEO Jens Montanana.He expects the group’s diversified operating portfolio to continue to deliver revenue growth, as second biggest subsidiary Logicalis adapts its capabilities to address cloud-based infrastructure opportunities and Westcon, the group’s biggest subsidiary, increases its momentum with international vendors.Westcon, which accounted for 75% of the grou...
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