Computacenter par for the course as first half revenue surpasses £2bn
IT services provider Computacenter delivered on high expectations this morning as it unveiled a jump in revenue for the first half.
Shares in the firm were relatively flat as it performed in line with expectations following an upgrade in forecasts in July.
The figures
Revenue was up 18.1 per cent to over £2bn in the six months to 30 June. This marked the first time the group has reached the milestone in a first half period.
Adjusted profits before tax were up 24.3 per cent to £52.1m.
The group upped its dividend per share to 8.7p.
Why it's interesting
Germany drove the strong performance, with revenue growth of 11.4 per cent and profit increasing by more than 53 per cent.
But the UK arm of the business also racked up impressive growth figures due to two large technology sourcing deals. Revenues increased by 29.5 per cent to £858.1m
Behind the company's overall growth is increased demand for IT capabilities, as major copmanies face the need for bigger network capacity and protection against cyber-attacks.
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What Computacenter said
Chief executive Mike Norris said that the technology demands of big companies had created "buoyant market conditions" for the company.
"While it is impossible to predict how long these buoyant market conditions will continue, most of these drivers have significant momentum," he said.
"As always Computacenter will continue to focus on the long term, investing in our business, innovating our offerings and enhancing our customer service. It is through delivering increased value and competitive offerings to new and existing customers which enables us to deliver shareholder value over the long term."
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