Convergence Partners investee company, Dimension Data has been positioned by Gartner, Inc., in the Leaders Quadrant of the Magic Quadrant for Communications Outsourcing and Professional Services (COPS) report.
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RSSDimension Data delivers double digit growth
December 13th, 2011 | admin
Convergence Partners investee, Dimension Data, which was delisted about a year ago, after being bought out by Japan-based NTT in a R24.2 billion deal, reported double-digit top line growth for the year to September.
The company says revenue grew 14.8%, to $5.79 billion, from $4.74 billion for the 2010 financial year. It also reported double-digit operating profit growth of 10.8%.
Dimension Data reports strong results
August 24th, 2011 | admin
Dimension Data recently released its quarterly results, reflecting strong revenue growth of 4.7%, to $1.46 billion, in the quarter to June 2011.
So far, for the first nine months of the year, group revenue is up 13.4% in constant currency to $4.2 billion. Product sales improved by 13.1% and services grew 13.6% year-on-year. Dimension Data explains growth would have been higher in reported US currency due to the dollar’s relative weakness during the first nine months of the year. Overall, group operating profit for the nine months improved 14.2%, to $203.7 million.
Dimension Data acquires OpSource
July 1st, 2011 | admin
Dimension Data, the 74.9% holding company of Convergence Partners investee company Dimension Data Middle East and Africa (DDMEA), announced that it has acquired OpSource, an enterprise cloud company, in a deal that will see Dimension Data (itself a wholly owned subsidiary of NTT Holdings) accelerate its cloud computing services offerings. At the same time, Dimension Data, a US $4.7 billion ICT services and solutions provider has created a centralised Cloud Solutions Business Unit which will report directly into Dimension Data’s CEO, Brett Dawson. OpSource will become part of the Dimension Data Cloud Solutions Business Unit.
Dimension Data say cheers on a high note – Dimension Data delisting from JSE
November 18th, 2010 | admin
After being listed on the JSE for the past 23 years, today marked the final day of trading of Dimension Data shares. However, Didata exited on a high note with it reporting strong full year results for 2010.
The Dimension Data group, which is being acquired by Japan’s Nippon Telegraph and Telephone (NTT) Corp, reported a 9,9% increase in sales in constant currency terms in the 2010 financial year to September. The company reported revenue growth of 19,4% to US$4,74bn, due in part to currency gains.
NTT offer for Dimension Data goes unconditional
October 13th, 2010 | admin
Dimension Data shareholders have voted overwhelmingly in favour of Nippon Telegraph and Telephone’s (NTT’s) £2.1 billion offer, with shareholders owning 93.42% of DiData shares accepting the deal. With the approval phase of the transaction now complete, Convergence Partners looks forward to an exciting new era for Dimension Data, especially in the fast growing African market.
Dimension Data Achieves Global Certification from Cisco
May 7th, 2010 | admin
Dimension Data, the $4 billion IT solutions and services provider, has achieved Global Certification from Cisco. This elite designation recognises Dimension Data as having fulfilled the training requirements and program prerequisites to sell, deploy and support Cisco® networking solutions around the globe. Dimension Data becomes one of four organisations with this elite status worldwide.
DiData announces strong results for year ended 30 September 2009
November 24th, 2009 | admin
Dimension Data’s robust performance for the year to 30 September 2009 has resulted in improved returns and strong growth in profitability, in the midst of extremely challenging economic conditions.