Dicker Data Limited ( (AU:DDR) ) has issued an update.
Dicker Data Limited reported a 2.9% increase in gross revenue for FY24, reaching $3.4 billion, driven by strong performance in the December quarter. Despite challenges, EBITDA remained stable at $150.4 million, although net profit before tax declined by 2.8% to $113.2 million. The company declared a final quarterly dividend of 11 cents per share, totaling 44 cents for the year. The company’s Q424 performance showed a significant recovery with a 9.9% increase in gross sales and a 21% growth in net profit before tax, setting a positive outlook for FY25. The company plans to focus on aggressive changes to return to solid growth in sales and profits, with optimism fueled by improving macroeconomic conditions and market initiatives like AI adoption.
More about Dicker Data Limited
Dicker Data Limited is an Australian company operating in the technology distribution industry. It focuses on providing hardware, software, and virtual services, with a strong emphasis on subscription and recurring revenues. The company has a diverse vendor portfolio and is involved in sectors such as retail, access and surveillance, and professional audio visual (ProAV).
YTD Price Performance: 2.23%
Average Trading Volume: 416
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €933.8M
For an in-depth examination of DDR stock, go to TipRanks’ Stock Analysis page.