Datacom annual profit rises 61% as new services lift sales, fatten margins

Tue, 01 Aug 2017

By Paul McBeth Aug. 2 (BusinessDesk) - Datacom Group lifted annual profit 61 percent as the next generation of services helped the country's biggest IT services provider boost sales and fatten margins, paving the way for a bigger dividend. Profit rose to $43.7 million, or $6.63 per share, in the 12 months ended March 31, from $27.2 million, or $4.09 per share, a year earlier, the Wellington-based firm's financial statements show. Revenue rose 9.8 percent to $1.16 billion, and gross profit of $701.5 million was at a margin of 60.6 percent...

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