Dicker Data Navigates Market with Steady Earnings

Dicker Data Limited (AU:DDR) has released an update.

Dicker Data Limited reported a slight dip in Q1 FY24 with gross revenues down 9.6% to $694.8m, attributed to processing a large backorder from the previous year. Despite the subdued market, the company maintained a stable EBITDA of $33.5m and is optimistic about future growth, thanks to new vendor partnerships and a leading position in the AI market. The interim dividend increased to 11.0 cents per share, up from 10.0 cents in Q1 2023, reflecting confidence in the company’s profitability.

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