IT distributor Dicker Data has posted revenue for its first quarter at $263 million, 17 percent higher than projected. CEO David Dicker said that, with such a strong start on the revenue side, the company was confident of exceeding $1 billion in revenue for the year.
Dicker said the company had also exceeded its EBITDA projections for the quarter by 30 percent. Operating profit came in 48 percent higher than projected, and net profit after integration costs was said to be six percent higher.
He said the company had successfully completed the integration of Express Data into Dicker Data which was operating well under a new management team.
That team will soon be without commercial director, Chris Price, who resigned in September. Express Data sales director David Peach left the company on October 17 and his role has been incorporated in Chris Spence’s sales manager position.
