Westcon-Comstor 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.
It reported a 16.5 percent year-on-year increase in EBITDA (earnings before interest, taxes, depreciation, and amortisation) to US $69.5 million.
Gross profit climbed 6.1% to $216.1 million on revenue of $1.80 billion.
The distributor saw revenue from its cybersecurity portfolio surge to $860.0 million, as it capitalised on growing demand from channel partners and their customers for multi-vendor solutions amid an increasingly complex threat landscape.
Cybersecurity made up for nearly half of Westcon-Comstor’s revenue during the half-year period, with revenue from software sales seeing similar growth, rising 17.9 percent.
“Against a challenging backdrop of uncertain macroeconomic and market conditions, we are pleased to maintain our profit growth trajectory as we report a strong financial performance for H1 FY25,” said David Grant, CEO at Westcon-Comstor.
“We will now focus on unlocking new growth opportunities for partners and vendors across EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific).”