The vertical’s growth reflects the impact

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The vertical’s growth reflects the impact

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Of acquisitions as well as strong organic growth. Software & cloud software and cloud revenues increased by 1.4% in q1 2022. Growth was impacted by weakness in the russian market. The segment grew by 31% telemarketing data -on-year in the international business. Hardware the hardware segment grew 41.7% year-over-year in q1 2022. We see significant acceleration in growth over the last two reported quarters due to delayed demand from the first nine months of fiscal 2021.

As well as increased customer demand in select regions ahead of expected supply constraints.

Geographical billing 67% of q1’22 revenue was what is the secret to getting new clients? outside russia. Reflecting very strong growth rates in our international business. Where revenue grew 44% year-on-year in constant currency. Growth was particularly strong in emea and apac. Both organically and due to recent acquisitions. Our business in russia declined due to the pace of supplier migration and the rapid reduction of key international suppliers.

More than expected

Profitability gross profit in the first quarter of 2022 was us$78.2 million. Up 25.5% year-on-year from us$62.3 million barbados businesses organization year. Growth was particularly strong in the services segment. Up 136.9% year-on-year. Gross profit in the hardware segment more than doubled thanks to increased turnover and a notable margin improvement. Gross profit margin based on turnover was 14.3% compared to 12.4% in the first quarter of last year.

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