Datatec gross profit up 6% in FY25 trading update

Datatec Limited (JSE:DTC) announced a trading update for the year ended February 28, 2025, highlighting a strong performance driven by demand for cybersecurity and hybrid cloud solutions. Group gross profit is expected to be around $910 million, up from $862 million in FY24. While reported revenues are affected by a shift towards net accounting for software and services, the Board believes gross profit provides a more accurate view of performance. Westcon International and Logicalis International both delivered strong financial results; Westcon's gross profit rose 9% and Logicalis International saw a 5% increase. Logicalis Latin America experienced a 12% decline in gross profit but its overall financial performance remained significantly better compared to FY24. Datatec intends to release its full FY25 results on or around May 27, 2025.