Global technology provider Westcon-Comstor has announced its results for the year ended February 29, 2024.

The company, which has an office in Cirencester, saw total revenue up 8% to $3.69bn (FY23: $3.42bn), driven by strong software results.

Gross profit was up 23% to $403m (FY23: $329m), with double-digit growth across all regions.

Adjusted EBITDA increased by 26% to $120.2m (FY23: $95.1m), with further 0.5pp improvement in margin to 3.3%.

Operational highlights included the launch of the innovative Amazon Web Services (AWS) Marketplace programme and the acquisition of Rebura as part of wider cloud growth strategy and opportunity.

David Grant, CEO at Westcon-Comstor, said: "It has been another year of excellent growth and operational success for Westcon-Comstor. 

"These results demonstrate our resilience and efficiency when operating in dynamic market conditions, whilst continuing to advance our vision of being the leading data-driven technology provider and specialist distributor of cybersecurity and networking solutions and services globally.

"Looking ahead, we are optimistic for the coming year as we continue to innovate to deliver an exceptional experience for our partners. 

"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, cementing our successful position in the market.

"With our data-driven approach at the fore, coupled with our commitment to Partner Success and environmental and social responsibility, our robust performance throughout the year highlights our ability to deliver value and service excellence. We are optimistic that the coming year will be another year of growth for the company."