Computacenter booked a 6.8 percent improvement in revenues to £5.44 billion over the least year.
The outfit’s adjusted pre-tax profits climbed by 35.5 percent to £200.5 million, making it a solid year.
The UK performance was also something for the firm to celebrate, with revenues increasing by 11 per cent driven by a surge in demand in its Technology Sourcing operation, sparked by the pandemic. The firm also reported strong Services margins, partly benefiting from reduced external contractor costs.
Computacenter CEO Mike Norris said: “The COVID-related lockdowns towards the end of the first quarter made improving on 2019 feel even more challenging. After multiple upgrades during the year and today’s excellent results, it is clear that the 2020 performance has exceeded all expectations and 2020 has seen the fastest profit growth that Computacenter has achieved in its 22 years as a public company. Clearly, the challenge it gives us is to grow again in 2021,”
Norris said the firm felt it had come into 2021 with real momentum and that gave it the chance to view the prospects for the rest of this year in a positive light.
“While Computacenter will always focus on the long term and resist the temptation of short-term actions to maintain growth, we feel the opportunity for progression this year, while not certain, is real. We have come into 2021 with solid momentum and have experienced a very positive start to the year”, he said,
