Johannesburg - Dimension Data (Didata), the JSE's largest IT listing in market capitalisation terms, is confident it will deliver constant currency revenue growth in the first half of the 2009 financial year.
In an interim management statement released on Tuesday morning, Didata acknowledges that the global conditions will remain challenging, but the company is assured that it remains "well positioned" due to its offerings, strong supplier relationships and high-quality client base.
Shares in Didata fell 2.5% following the release of the statement; at 10:30, the shares were trading at 513c apiece.
The statement covering the trading period from 1 October 2008 to 20 January 2009 indicates the company's revenue in the first quarter grew by 13% and it ended the period with "a healthy cash balance".
Dimension Data is scheduled to release its results for the six months to 31 March 2009 on 13 May.