Publicly listed Australian distributor Dicker Data will restructure its New Zealand business to cope with the loss of major vendor Cisco across the Tasman, while also “aggressively looking to fill the revenue void”.
The distributor has posted revenue of $632.5 million for the six months to 30 June 2017, a rise of 7.1 percent. Dicker’s operating profit was up 7.3 percent to $19.4 million, and net profit after tax was was up 3.3 percent to $12.9 million.
The New Zealand business was already growing slower than Australia, at 3.3 percent versus 7.7 percent, and the distie is now expecting NZ revenues to be flat in the second half following Cisco’s decision.
Dicker Data entered New Zealand through its 2014 …
Read the full article at: https://www.crn.com.au/news/dicker-to-restructure-new-zealand-after-loss-of-cisco-471933