Recurring revenues
Our FY24 results reflect an acceleration in Westcon-Comstor’s shift to a software, services and subscription-based model, with recurring revenues seeing strong growth and now representing 44% of total revenue (FY23: 38%).
Recurring revenues grew 24% to $1.63bn – that's three times the rate of overall revenue growth.
This positions Westcon-Comstor at the forefront of a trend that’s happening across the IT channel and tech ecosystem more broadly.
Recurring revenue as share of total revenue
0%
FY23
0%
FY24
$300m: increase in recurring revenues from FY23 to FY24
$0m
FY23
$0m