Dicker Data Ltd FY17 guidance reaffirmed
FY17 guidance reaffirmed: Dicker Data Ltd (ASX: DDR) had reported a revenue growth of 7.1% yoy to $632.5 million in six months ended at 30 June 2017. Revenue for current vendors surged 9.4% against prior corresponding period (pcp) with Australia revenue rising 7.7% yoy to $40.8 million while New Zealand reported a revenue growth of 3.3% yoy to $1.9 million. The group has parted ways with Cisco in New Zealand and announced to cease distribution of Cisco products in the later part of this year. Accordingly, DDR forecasted a flat New Zealand revenue for second half of 2017.
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