Johannesburg - Technology firm Datatec yesterday issued a trading statement from the period for March 1 to June 30, indicating gross margins at 13.8 percent were up from 12.8 percent from last year.
Jens Montanana, the chief executive of Datatec, said the improvement in the firm’s gross margins was encouraging in a period where revenues had been comparatively softer, as the US dollar continued to impact emerging markets.
“We are committed and focused on completing the restructuring initiatives within Westcon, which will enhance our operational performance, including the new enterprise resource planning system roll-out and business process outsourcing transformation,” he said.
Datatec said Westcon’s gross margins improved to 10.6 percent from 10 percent, but revenues slid 13 percent due to strong revenue growth in the same period last year.
Datatec shares rose 0.05 percent yesterday to close at R44.02.
BUSINESS REPORT