Westcon-Comstor announces increase in profitability following first-half results

Westcon-Comstor, a global technology provider and specialist distributor, has today announced an increase in profitability, alongside strong growth in cybersecurity and an acceleration in its shift to a software, services and subscription-based recurring revenue model.  Posting its first-half results for the six months to 31 August 2024 (H1 FY25), the company reported a 16.5% year-on-year increase in EBITDA (earnings before interest, taxes, depreciation, and amortisation) to US $69.5 million, with a 0.6pp rise in adjusted EBITDA margin to 4.0%. Gross profit climbed 6.1% to $216.1 million on revenue of $1.80 billion, with gross margins reaching 12.0% (H1 FY24: 11.0%). The distributor, which connects …

https://www.tahawultech.com/news/westcon-comstor-announces-increase-in-profitability-following-first-half-results/

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