National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

datatec Annual income outlook lower

March 20 2013 at 08:00am

Comment on this story

Datatec, a global information and communication technology solutions and services firm, has lowered its guidance for earnings and revenues for the year to February. Revenue will range between $5.2 billion (R48bn) and $5.3bn, compared to a previous forecast of $5.4bn. Underlying earnings a share is expected to range between 40c and 45c compared to a previous guidance range of 40c to 47.9c. Westcon, its largest unit, continued to report below-expectation performance in the US and Europe. Datatec’s Logicalis operations reported a strong performance, with Latin America again the strongest market. Westcon would divest from its operations in India, as the investment was not significant, Datatec said. The firm shed 1.78 percent to R49.10 yesterday. The dividend is expected to remain at 9c. – Asha Speckman


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw
Sudoku