Computacenter has told the world+dog that it does not seem to have been badly hit by the coronavirus pandemic.
The outfit already told us that last month that it had seen a surge in demand for laptops at the start of the crisis and its first quarter showed a slight dip in revenues, but profits had remained in line with the previous year.
It has now added some more details of progress so far this year, with the firm able to pick up some fresh business during the pandemic.
The statement read: “We stated in our trading statement on 23 April 2020 that current trading was more robust than we had anticipated at the start of the crisis. Since that date, business has accelerated further and we have managed to secure some substantial technology sourcing contracts, due to our ability to scale our operations to meet the demand. These incremental volumes mean we now believe that the first half of 2020 will be considerably ahead of the same period last year.”
If that experience has been widespread, it should provide the channel with a buffer if the economy dips and things get tougher in the second half.
Computacenter admitted it was unable to give meaningful guidance about the situation in the future because it was so difficult to make predictions with the coronavirus crisis still raging.
The firm has indicated it will provide trading updates to give investors a picture of how things are progressing as the business enters the second half of the year.
