Westcon-Comstor revenues hit $3.7bn

Westcon-Comstor has driven a double-digit increase in both gross profit and adjusted EBITDA in FY24, through its new data-driven strategy and a shift to recurring revenues. 

The distributor’s total revenue was up 8% to $3.69bn, driven by software sales and its adjusted EBITDA increases by 26% to $120.2m.

The company’s recurring revenues grew by 24% to $1.63bn, representing 44% of total revenue.

Its gross sales across strategic vendors increased by 10%, with a CAGR of 10% over the last five years. 

David Grant, CEO at Westcon-Comstor, said: “As we look to maintain our growth, we are focused on identifying opportunities to further expand our capabilities through strategic acquisitions and other forward-thinking initiatives such as our Rebura acquisition and AWS Marketplace programme.”

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