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Dicker Data breaks the billion-dollar revenue barrier for FY 2015

Dicker Data breaks the billion-dollar revenue barrier for FY 2015

And there's still three weeks of the financial year to go

Dicker Data's David Dicker

Dicker Data's David Dicker

Dicker Data has broken the $1 billion revenue mark with more than three weeks of the 2015 financial year remaining.

The mark was officially passed on December 8.

Chairman and CEO, David Dicker, said, " I am extremely pleased with this result. we set out to achieve $1 billion in revenue in the first full financial year following the acquisition of Express Data Holdings and we have done so with three weeks to go in the final quarter.

"We've come a long way from our original target of selling 10 computers a month in 1979."

That rich history and ARN Hall of Fame inductee David Dicker's achievement as a businessman have been recognised in a new publication, 50 Unsung Business Heroes, which has been launched by the treasurer, Scott Morrison, and other guests.

The book, published by Purpose Publishing, covers his story from the beginning of Dicker Data through to today.

He is one of 50 Australians covered by the book.

It has been a strong end to the year for Dicker with it's first Melbourne Cup party - in conjunction with ARN - coming a day before it announced its Q3 financial results which saw the company more than double its profit for the quarter , from $2.5m in Q3 2014 to $5.4m Q3 2015, and is on track to reach its target of $1bn in revenue for the year.

Australia's largest homegrown distributor posted revenue of $273.7 million for the third quarter of 2015, up $10.5m on this quarter last year.

The company claimed that it had exceeded its nine-month tracking for the year, reaching $802.9 million in revenue.

Dicker Data had previously issued guidance to the market of a pre-tax profit of $30.9 million for the year. It revised that to $31.5 million.

The company attributes its success to the growth of its new vendors picked up in the first half of the year, Intel, Lenovo System X, and Toshiba in the New Zealand market. It has also picked up Veritas (post its split from Symantec), Paessler and IBM Softlayer. It has also launched Xplore Technologies and Shoretel in New Zealand.

The company also announced the launch of its CloudPortal at its first ever Dicker Data Tech X roadshow earlier in the year, which toured most of the major capitals in Australia. No figures were provided for the new initiative.

Dicker Data has also won several industry awards, including ARN's own Hardware Distributor of the Year for the fourth consecutive year, HP's Enterprise Distributor of the year, Cisco's Distribution Sales Champion for Australia, and APC's Best Distributor for the Pacific Region.

It also recently announced that it is now distributing Nimble Storage products in A/NZ, alongside Nextgen.

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Tags Dicker DatadistributionDavid Dicker50 Unsung Business Heroes

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