Datalink Corp (DTLK) Misses Q1 EPS by 5c, Offers Outlook

Datalink Corp (NASDAQ: DTLK) reported Q1 EPS of $0.05, $0.05 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $164.6 million versus the consensus estimate of $176.4 million.

Outlook

“Based on our current sales momentum, the major transformational projects currently in our pipeline, and growth drivers like flash storage and our new security practice, we believe the 4% to 6% growth rates that we projected in February are still attainable. That is double the annual 2% to 3% growth predicted for the industry overall,” Lidsky said. “This remains a challenging time, but our initiatives over the past few years to help clients utilize IT to support business objectives have positioned the company to adapt to the new ways in which organizations want to consume IT services and technologies.”

As previously reported, the company has discontinued near-term quarterly guidance because of the volatility of current IT spending patterns, revenue fluctuations from quarter to quarter related to variable delivery timetables for complex consulting services and associated products, and a transition to annual guidance that has been adopted by other IT companies.

For earnings history and earnings-related data on Datalink Corp (DTLK) click here.

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