Sirius Computer Solutions claims the health of the PC market grew by double digits in the fourth quarter.
SCS CEO Christine Leahy said that the company’s UK business delivered “high teens local market growth” fourth quarter, contributing to a 20 per cent year-on-year increase for its “Other” business segment which includes sales for the UK and Canada.
Sales for this segment reached $699 million during the quarter.
Leahy added that customer priorities in the UK and Canada were “similar to those in the US”, with cloud adoption growing and security remaining a top priority.
Answering questions about how current supply issues are affecting the company, CFO Al Miralles answered that the reseller doesn’t “see any meaningful end in sight”, adding that chip issues were just as severe in the fourth quarter as in other quarters.
“Maybe there’s a silver lining there that some of the transparency has improved. So there’s a better line of sight for lead times and where things stand, but I’m not sure that we would translate that as indicating that things are going to get better in the near term. Really we’re hunkered down on a consistent similar outlook with respect to this supply chain environment and we’ll continue to execute as we have during this time.”
Leahy also said that the PC market will continue to shine in 2022, but said the first quarter will be “tough ” for the market.
“We really do see client devices as a tool for employees, as a tool for people generally and expectations of using them for productivity have increased. And the demand for client devices as people come back to the office and remotely and anywhere, also adds demand to the market.
“The other thing we’ve talked about is technology cycles and technology innovation and upgrades happening more quickly than we’ve typically seen in the past. And when you think about remote and virtual, think about breakage, so you’ve got a couple of pressure points that are compressing cycle times.
“People are buying PCs, we are in a very good position to make sure that we get our fair share of inventory to supply them. And while we see moderating growth, we just see it as a positive contribution to our overall performance.”
