Datatec anticipates significant earnings growth in FY25

Datatec Limited (JSE:DTC) anticipates a strong financial performance for the year ended 28 February 2025 (FY25). The company expects underlying earnings per share to be between USD 30.0 and USD 31.0, a 75.4% to 81.3% increase compared to the recalculated USD 17.1 for FY24. Headline earnings per share are projected to be between USD 25.0 and USD 26.0, representing a 76.1% to 83.1% increase from the USD 14.2 in FY24. Datatec also forecasts earnings per share to be between USD 25.0 and USD 26.0, which is 22.5% to 27.5% higher than the USD 20.4 reported in FY24. The results are primarily driven by excellent financial performance from Westcon International and Logicalis International, along with overall increased performance from Logicalis Latin America. Datatec plans to release its FY25 results around 27 May 2025.