Computacenter sees surge in UK business

ukflagReseller giant Computacenter is seeing a resurgence in its UK business.

The reseller and IT services giant announced its half-year results for the six months ending 30 June, with revenue up 15 percent year-on-year to £1.7 billion.

In the first part of the year the UK business had been highlighted as a company weak spot. Year-on-year sales sliding one percent, while Germany had soared 23 percent and France six percent.

CEO Mike Norris said that services revenue in the UK showed good improvement during the first half of 2017.

“Whilst the managed services pipeline has been rebuilding, the UK business has defended its contract base by completing a number of significant contract renewals.

“Services margins have improved in the UK, partly as a result of the increased mix of professional services, a business once again operating at sustainable levels of utilisation, and partly because of across-the-board execution in line with expectations within the managed services portfolio.”

Computacenter shares rose as much as 19 percent on the London Stock Exchange on the back of the announcement.

However, the outfit’s German business pulled further away from the UK in terms of revenue, coming in 26 percent up on the previous year at £762.6 million.

The French arm of the business grew 14 percent to £228.6 million, while Belgium was up 24 percent to £30.5 million.