Pinned straw:
Dicker Data released some unaudited results today:
Company said that the increase in revenue was partly due to an increased demand for networking and storage products, software and the new DAS business (access and surveillance) which offset a decrease in demand for personal computing devices. The decrease was attributed to an increase in hybrid working environments.
Pleasingly, gross margins improved back to above 9%, finishing at 9.4% which was up from 8.8% from pcp.
DDR also mentioned that there were signs that the supply chain was normalising which had impacted them with large amounts of backorders in previous periods having been completed this half.
Audited results will be out Aug 30.
Full announcement here
Disc: Held IRL and on Strawman.
I think the resu.lts announcement was a return to what we have come to expect from the team at DDR. I am inclined to forgive a miss in the previous half with supply chain disruptions and business integration still underway. Hoping that the market also sees this as returning to a growth multiple