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October 18, 2012

Datatec revenue up 7% during six months of 2012

35% of revenue was generated from outside North America and Europe

By CBR Staff Writer

Datatec has reported 7% rise in its revenues during the six months ended 31 August 2012 to $2.62bn when compared to same period in 2011, with 35% of its revenue generated from outside North America and Europe.

About 34% of revenue was generated from North America, 31% from Europe, 14% from Latin America, 13% from Asia Pacific andAfrica, India and Middle East collectively generated 8% of revenue during the period.

The firm expects its full-year revenue will range between $5.5bn to $5.8bn during this fiscal following the acquisitions that improved its global reach.

Datatec Chief Executive Jens Montanana said that overall revenues and underlying earnings are continuing to improve but the rate of growth has slowed as the macro-economic climate has become more uncertain.

"This became more pronounced in the second quarter in all regions with the exception of Latin America," Montanana said.

"The diversity of our business streams and our global footprint continue to be strong assets, allowing the Group to deliver a relatively strong performance against a disappointing market.

"Based on current exchange rates and trading conditions our full year forecast remains unchanged but has become more challenging than we anticipated in May."

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During the period, the firm has acquired Afina Group, a security and datacenter firm in addition to an Austria based security company Triple AcceSSS IT, Indonesian security firm PT Netpoleon and Corpnet, a Brisbane-based IT services provider.

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