Commentary

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Highlights

Revenue up 19.5%
$ 4.5b
 
Earnings per share up 28.3% to
7.7 US cents
 
Operating profit up 39.1%(1)
$ 182.2m


Financial highlights

Constant currency revenue(2) up by 16.9% (Product up 15.6%, Services up 19.0%)
Growth and margin expansion in all Regions
Supported by Network Integration up 20.4%(2), Security up 31.6%(2) and Converged Communications up 22.4%(2)


Financial summary

$’000 2008 2007
Revenue 4,510,640 3,773,156
Operating profit 182,214 123,867
Operating margin 4.0% 3.3%
Earnings per ordinary share (US cents) 7.7 6.0
Operating profit (before exceptional items) 182,214 130,994
Operating margin (before exceptional items) 4.0% 3.5%
Earnings per ordinary share (US cents) (before exceptional items) 7.4 5.6
Notes:
1. Before exceptional items. See reconciliation in Note 8 to the annual financial statements.
2. Before eliminating intercompany revenue, adjusting for the disposal of the Swedish operations in the prior year and, except in the case of Datacraft Asia, adjusted for the impact of currency movements.


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