Dicker Data Limited (AU:DDR) has released an update.
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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.
For further insights into AU:DDR stock, check out TipRanks’ Stock Analysis page.
