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Financial Report




FY24 full-year results

Results for the year ending 28 February 2024 (FY24) coming soon

In line with the filings of our parent company Datatec, we’re due to publish our FY24 results in late May 2024.

Coming soon

Explore more insights from our previous reports

FY24 half-year (H1 FY24) results

Excellent financial performance, maintaining growth trajectory across all regions

We recorded a 14.9% year-on-year increase in first-half revenue to a record US $1.85 billion for the six months to 31 August 2023 (H1 FY24). Gross profit saw a 33.4% year-on-year jump to US $203.7 million, with gross margins increasing to 11.0%. We reported double-digit revenue growth across each of our three operating regions: Europe, Asia-Pacific (APAC) and the Middle East and Africa (MEA).
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FY23 full-year results

Record annual revenue, driven by strong cybersecurity and networking growth

We announced an 18.3% year-on-year increase in total revenue to a record US $3.42 billion for the year ending 28 February 2023 (FY23), driven by strong demand for our cybersecurity and networking offerings and an acceleration in our shift to a software and subscription-based recurring revenue model. With our unique data-driven approach driving sales growth in key domains, this was the second consecutive year of double-digit growth in total revenue, with annual revenue exceeding US $3 billion for the first time and CAGR of 8% demonstrating the success of the five-year strategic planning cycle introduced in FY18.

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