Redington Targets Growth in Software Solutions Group
Redington Ltd has revealed its growth strategy, emphasizing the Software Solutions Group with a target growth rate of 30-50%, up from the previous 20-23%. The company expects improvements in its PC business in the second half of the fiscal year. Benefits from the Vodafone Connect sale are anticipated in Q4 and the next fiscal year. Redington is optimistic about business growth in India, UAE, and KSA, particularly in the mobility segment. The company recently held its Q2 earnings call, with the audio recording available on its website.

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Redington Ltd has outlined its growth strategy, focusing on its Software Solutions Group and anticipating improvements in its PC business. The company's management has shared insights into their expectations for various business segments in the coming quarters.
Software Solutions Group: A Key Growth Driver
Redington's management has set a target for its Software Solutions Group:
| Metric | Previous Growth | Target Growth |
|---|---|---|
| Growth Rate | 20-23% | 30-50% |
This increase in growth targets underscores the company's focus on its software solutions segment.
PC Business Outlook
The management anticipates that the PC business may see improved growth in the second half of the fiscal year, contingent on the continuation of current market trends.
Vodafone Connect Sale
Redington expects to realize the benefits from the Vodafone Connect sale by:
- Q4 of the current fiscal year
- Throughout the next fiscal year
Geographic Focus and Mobility Segment
The company remains optimistic about its business growth prospects in key markets:
- India
- UAE
- Kingdom of Saudi Arabia (KSA)
Management expects positive momentum in these regions over the next 2-3 quarters, with a particular emphasis on the mobility segment.
Recent Investor Communication
As per the latest LODR (Listing Obligations and Disclosure Requirements) data, Redington held its Q2 earnings conference call on November 6. The company has made the audio recording of this call available on its website, demonstrating its commitment to transparent communication with investors and analysts.
While the company has shared its growth targets and expectations, it's important for investors to note that these are forward-looking statements. Actual results may vary based on market conditions and other factors affecting the IT distribution and solutions industry.
Historical Stock Returns for Redington
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.71% | +15.07% | +6.28% | +15.79% | +48.47% | +372.87% |






































