The Dicker Data Ltd (ASX: DDR) share price is up 8.8% so far, making it one of the best performers on a poor day for the ASX.
Dicker Data has been operating for over 35 years. It is a hardware distributor for technology businesses and sells exclusively to more than 3,000 resellers. It claims to be the leading distributor for several brands which may include HP, Cisco, Toshiba, ASUS, Lenovo, Microsoft and others.
Dicker Data’s Strong First FY19 Quarter
Dicker Data revealed that total revenue had grown by 21.1% to $386.9 million compared to last year, with growth across all its vendor partnerships and experiencing the full value of new vendors.
Profit before tax grew by an excellent 46.7% to $13.5 million, which was ahead of the forecast. The profit before tax margin improved to 3.5%, up from 2.7% a year ago.
Dicker Data remains confident of achieving its full year pre tax profit guidance of $51.4 million for FY19. Dicker Data is doing very well, but computer technology selling is not something I know much about or how much further growth there can be for Dicker Data, it’s easier for me to evaluate the rapid ASX growth shares in the free report below.
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At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.