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Software sales propel Westcon-Comstor to $3.69bn revenue

Westcon-Comstor has reported strong fiscal 2024 results, with revenues up 7.7% to $3.69bn, driven by strong software sales and a shift to recurring revenue. 

Gross profit increased 23% to $403m, and EBITDA grew 26% to $120.2m, with a margin improvement to 3.3%. 

Double-digit growth was tracked across all regions, the Johannesburg-based distributor said.

CEO David Grant (pictured) said: “These results demonstrate our resilience and efficiency when operating in dynamic market conditions, whilst continuing to advance our vision of being the leading data-driven technology provider and specialist distributor of cybersecurity and networking solutions and services globally.

“As we look to maintain our growth, we are focused on identifying opportunities to further expand our capabilities through strategic acquisitions and other initiatives."