Dicker Data Ltd (ASX: DDR) shares climbed 4% to $7.10 today after the IT hardware distributor took the unusual step of issuing some clarification around its latest agreement to partner as a distributor for IT security vendor Check Point.
The partnership was announced on November 8 but investors shrugged off the news on the basis that it probably made little difference to the group's outlook.
Today though Dicker Data told investors that "the current available distribution market for Check Point in Australia is in excess of AUD$100m".
It also flagged that enterprise security is one of the fastest-growing segments for Dicker Data as its end customers invest more in data and IT security.
Over calendar year 2018 Dicker Data earned revenue around $1.4 billion so we can see that the Check Point deal is small but not insignificant if it grows into its potential.
Dicker Data is also due to announce and pay a quarterly dividend over the next month or so, with investors likely to enjoy another healthy double-digit percentage rise in total dividends over the next 12 months as profits grow.
