Middle East
Technology
Business
Africa
Communication
India
Services
Distribution
Software
Turkey
Storage
solutions
South Asia
Cloud
PC
Emerging Markets
Servers
Notebooks
Tablets
Printing Solutions
Networking Solutions
Security Solutions
Smart Phones
Channel partners
#Didyouknow
Redington is a leading distributor of technology & communication products and provider of services and solutions across various emerging markets?
Redington is a leading distributor of technology & communication products and provider of services and solutions across various emerging markets?
1)The companyβs offerings include PC, Notebooks, Tablets, Printing Solutions, Servers, Storage, Software, Networking Solutions, Security Solutions, Smart Phones and Cloud.
2)Besides India and Turkey, its operations span across markets in South Asia, the Middle East and Africa. As a premier distributor for many global technology vendors, it leveraged a powerful network of thousands of channel partners.
3)Industry Overview:
By 2025,the global laptop market is expected to touch $149.02 billion at a CAGR of 6.5%, according to The Business Research Company.
By 2025,the global laptop market is expected to touch $149.02 billion at a CAGR of 6.5%, according to The Business Research Company.
4)The overall ICT spending,telecom services and IT, is expected to grow at 1.9% to surpass $209.5 billion in the Middle East, Turkey, and Africa(META) in 2021, as per the IDC.
5)Financial Highlights:
Q2FY22 β On a Global basis, Revenue grew by 11% while EBITDA grew by 47% and PAT grew by 73%
β’ India β Revenue grew by 30%, EBITDA grew by 65% and PAT grew by 85%
β’ Overseas β Revenue degrew by 0.4%, EBITDA grew by 36% and PAT grew by 65%
Q2FY22 β On a Global basis, Revenue grew by 11% while EBITDA grew by 47% and PAT grew by 73%
β’ India β Revenue grew by 30%, EBITDA grew by 65% and PAT grew by 85%
β’ Overseas β Revenue degrew by 0.4%, EBITDA grew by 36% and PAT grew by 65%
6)Growth Drivers:
ICT spend in India expected to grow over 10% to touch $91 billion and $111 billion by 2024 as enterprisesβ focus on faster adoption of technology across processes amid COVID-19 pandemic.
ICT spend in India expected to grow over 10% to touch $91 billion and $111 billion by 2024 as enterprisesβ focus on faster adoption of technology across processes amid COVID-19 pandemic.
7)New technologies such as robotics,artificial intelligence, and AR/VR will further expand to represent over 25% of ICT spending globally.
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