Datatec profit falls due to Europe

South African software company Datatec saw revenues rise four per cent to $5.25bn (£3.45bn) in the year to the end of February, the firm revealed yesterday, although profits slid from $138m to $127m. The company’s networking technology is sold in over 100 countries but it has been hit by poor demand in Europe recently. However the company, which has a second listing in London, saw shares rise by 4.44 per cent