Revenue rose 11.8% to $ 2,890.4 million after demand for all technology in Westcon International’s portfolio

LONDON, UK – May 24, 2022 – Earlier today, Westcon-Comstor (Westcon International) reported earnings of 22 pounds. Total net revenue grew 11.8% to $ 2.89 billion due to strong demand and market share in the cybersecurity portfolio, network and hybrid infrastructure offerings, and remote access and cloud collaboration solutions deployed in the new flexible workers environments.

EBITDA income increased 52% to $ 68.1 million (fiscal year 21: $ 44.8 million), and gross profit averaged 11% worldwide. Westcon International’s gross profit increased by 9.6% to $ 319.0 million (FY 21: $ 291.0 million), supported by high performance in both Europe and the Asia-Pacific region.

“Two years ago, our company demonstrated strong resilience in the face of a pandemic, and the results of fiscal year 22, which we announced today, illustrate our ability not only to maintain a strong momentum but also to go beyond, adapt and win in a rapidly changing market.” – commented David Grant, CEO of Westcon-Comstor.

“Our focus on portfolio expansion through software and subscription-based solutions has helped us not only record double-digit organic revenue growth despite limited supply of tangible products, but also achieve unprecedented improvements in EBITDA. This is a real testament to the hard work of our teams in all operations, which showed exceptionally good results last year. “

Westcon-Comstor announced that demand for its solution continues to grow, coupled with supply constraints and chip shortages, its backlog of orders has increased by more than 300% (from $ 261 million in 2121 to $ 824 million in 22,200 .).

“The many years of investment we have made in business automation and digital tools are also paying dividends. Our focus on managing lifecycle solutions and creating flexible payment solutions has helped us ensure that more than 50% of our gross income in 22 fg. was repetitive; we see this percentage growing in fiscal year 23, ”added David Grant.

Westcon-Comstor reports FY22 financial results

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