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%.
Britehouse, a Convergence Partners investee, is still one of the best companies to work for, according to Deloitte’s annual survey 2011. The fact that all levels of staff are empowered to contribute to company strategy makes Britehouse SSD, Britehouse’s specialist SAP division and a leader in mobile business software applications, one of the best companies to work for.
Says Britehouse SSD CEO, Paolo Masselli: “In spite of an extremely disruptive year in which we acquired several companies and then merged nine into four, we still came fifth in the Small to Medium category in Deloitte’s 2011 Best Company to Work For survey – and second in the Business and Professional Services category.
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.
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