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Didata profit up, looks to 2010

Johannesburg - South African IT firm Dimension Data posted a rise in full-year profit on Wednesday and said it expected its operations to fare better in 2010.

The company, which is also listed in London, said revenue for the year rose 0.4% to $4bn and earnings per ordinary share rose to US7.6c from US7.4c in the year-ago period.

Operating profit climbed 25.4% to $194.4m.

In August, DiData reported a solid third quarter and forecast a good second-half performance as weak product sales were offset by growth in managed services, helping maintain margins.

Didata, which is a global partner of US networking giant Cisco Systems Inc, said its deepest cost cuts in response to economic slowdown had been in the United States and Asia.

"Notwithstanding the significant focus on short-term cost management, we have continued to invest in areas important to the group's longer-term positioning," it said in a statement.

DiData's customers include Vodafone, Pfizer Inc and BP.

- Reuters

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