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Dicker On Track For $1bn Revenue

Dicker On Track For $1bn Revenue

Revenue for the quarter was $273 million, up $10.5 million on Q3 last year, CEO David Dicker announced.

The result comes after Dicker in August completed a share capital raising of $40.25 million, while a further $5.25 million was raised under a shareholder purchase plan. The moola was partly used for debt reduction and working capital, Dicker told the ASX.

A major development in Q3 was launch of a cloud marketplace portal, while a number of new vendors were signed, including Intel, Lenovo, System X and Toshiba New Zealand.

Dicker Data shares rose 18c yesterday to close at $1.90.