Computacenter has reported growth in its first-quarter trading update but said that profits grew at a more modest rate.
The removal of lockdown measures globally has meanwhile affected Computacenter’s cost base, moving to a “more normal, and more sustainable” model post-Covid.
The Hatfield-based outfit said it is pleased to have grown profits year on year during the quarter, especially when faced with a “challenging comparison” with the first half of 2021.
The firm celebrated record high pre-tax profits last year, with pandemic-related cost savings and organic investments in the business leading to a 27.5 percent jump on 2020’s figure to £255.6 million. It meant that the company had more than doubled its profits over the three-year period.
But adjusted profit before tax for the first six months of this year will likely be behind that of 2021 but the reseller said it was still operating in line with “the historical seasonality” of its business.
The firm also pointed to wage inflation and supply chain shortages as challenges that continue to impact Computacenter as well as the wider industry.
“We remain confident that FY 2022 will be a year of further progress, and we remain on track for the year as a whole”, the firm said.
