Computacenter had another year in the black, with revenue up year on year by 28.5 per cent to £6.5 billion.
The 2022 full-year results also highlighted a growth of 30.7 per cent in gross invoiced income to reach £9 billion, and a nine per cent growth in gross profit from £867.8 million to £947.1 million.
Technology sourcing was the LSE-listed reseller’s biggest growth area, with revenue up 36.7 per cent to £7.4 billion. Services grew by 8.3 per cent to hit £1.5 billion.
In the UK gross invoiced income (GII) grew by 12.6 per cent from following what the company called “an astonishingly strong finish” to the year.
Computacenter CEO Mike Norris said: “We are pleased to have shown adjusted earnings per share growth in 2022 over the previous year considering the challenging headwind from the unravelling of temporary Covid-related cost base reduction benefits.”
“In 2023, we do not have anywhere near the same challenge as we have faced in 2022. Demand from most of our largest customers remains solid, particularly for IT infrastructure on which their businesses rely. We have seen top-line revenue extremely buoyant so far this year and expect this trend to continue.”
Computacenter will see challenges with Technology Sourcing margins, due to the fact it is the largest customers, which are dilutive to margins, that are spending and Services margins due to price pressure in the market and salary inflation, he said.
“Supply constraints have eased materially and while some will always remain, we are now operating at close to normal market conditions.”
Ona positive note on supply, Norris said the reseller has seen constraints to its inventory levels start to ease since the start of Q4 of year, and that it expects further that trend to continue.
