Computacenter has released its full-year numbers, and it looks like it is doing rather well riding the digital transformation wave and coming out of the tube of services growth. [That is enough surfing metaphors. Ed.]
Group revenues improved by 16.9 percent to £3.79 billion and pre-tax profits were also up by 22.9 percent to £106.2 million. Services revenues grew 11.5 percent to £1.2 million.
There were signs that the UK has “re-established positive sales momentum” with growth of 8.8 percent in full-year revenue. But challenges in the supply chain side and increasing SG&A played their part in an 18.2 percent decline in operating profit. Supply chain revenues were up 10.1 percent, services improved by 6.6 percent but managed services could only grow by 0.2 percent.
The outfit is expecting its UK business should return to operating profit growth in 2018, helped by recent contract wins and solid market conditions,
Germany had revenue growth of 15.5 percent, and 57 percent climbs in operating profit. France did better than expected with 13 percent turnover improvements.
The net result of decent revenue performances in the three countries was to help the firm deliver record numbers for last year.
The UK business should return to operating profit growth in 2018, helped by recent contract wins and robust market conditions.