Dicker Data (ASX: DDR) unveiled its financial performance for the fiscal year ending December 31, 2023, showcasing notable achievements amidst market challenges. Gross revenue surged by 5.6%, reaching AU$3.28 billion, fueled by successful integration of acquired businesses. Statutory revenue, recalibrated to account for software agreements, rose by 2.5% to AU$2.27 billion. Robust growth was observed across product segments, with hardware and virtual services sales up by 3.5% and software sales soaring by 10.6%.
Operating profit before tax surged by 9.7%, reaching AU$117.3 million, with net profit after tax rising by 12.5% to AU$82.1 million. Despite increased operating expenses and finance costs, Dicker Data's resilience and adaptability shone through, positioning the company for a promising FY24. The firm's strengthened financial position, marked by improved working capital efficiency, underscores its solid performance and strategic foresight.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
