Q4 2019 Datatec Ltd Earnings Call Transcript
Good morning, everyone, and welcome to Datatec Full Year FY '19 Results Presentation.
I'm on Slide 2, the agenda. For those of you familiar with our reporting and disclosure, our format this year remains consistent with past presentations.
Moving on Slide 3, summary overview and strategic update. Firstly, I'm going to go through a summary of our financial performance, which is Slide 4, financial results summary.
We have returned to double-digit revenue growth. Gross profit contribution rose by over $50 million and EBITDA rose more by over $60 million as improved execution and restructuring actions in Westcon International translated into profitability.
As a result, our underlying earnings per share jumped by over $0.23, reversing a loss of $0.072 in the prior year and turning to a profit of $0.066 in this year.
Slide 5, overview. All divisions produced solid financial performance improvements. We met or exceeded our principal operating objectives in Westcon and have made a
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