Redington Q1 net profit jumps 77%; shares rise nearly 18%
Technology distributor Redington reported a 77% surge in June-quarter net profit, prompting its shares to rise as much as 17.7% after the market opened.
What happened
Redington shares jumped up to 17.7% after the Indian technology distributor reported a 77% surge in June-quarter net profit, signalling stronger quarterly
Key facts
- June-quarter net profit surged 77%
- Shares rose as much as 17.7% after market open
- Stock gained 18% in trade
Why this matters
The earnings surge strengthens Redington’s position as a technology-channel partner and could improve its leverage in vendor alliances, distribution partnerships, and expansion opportunities.