AI has started a tech 'supercycle', says Datatec CEO

Datatec reported an 18% rise in gross invoiced income to $4.8bn and a 17% increase in adjusted EBITDA to $150.7m for its first half. CEO Jens Montanana said AI has triggered a lasting step change in demand for compute, networking and cybersecurity.

• Gross invoiced income rose 18% to $4.8bn in the six months to 31 August
• Adjusted EBITDA grew 17% to $150.7m
• Logicalis International US gross income jumped 34%, or $135m
• Underlying earnings per share rose 56.5% to 30.2 US cents