Tag: computacenter

Computacenter reported a 26.8 per cent revenue growth to £3.5 billion in the first half of 2023.

While gross income climbed 29.9 per cent to £5.1 billion for the first six months of 2023.

The LSE-listed company said it continued significant programme of strategic initiative expenditure to underpin its long-term resilience, competitiveness and growth with an additional expected spend of circa £13 million in FY23 compared to FY22.

First half results also showed improvement in cash as inventory levels reduced towards normal levels. Inventory fell by £217.2 million since the highpoint in Q3 2022. Read more…

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. Read more…

Despite improvements to its supply chain, Computacenter says revenues for its UK arm declined amid reduced demand.

The reseller has released its interim results for the six months ending 30 June 2022 in its latest trading update.

While the business as a whole saw its revenue increase 16.6 percent year over year to £2.84 billion, there were drops in performance from the UK side.

Revenue in the UK business decreased by 7.1 percent to £653.8 million, with the technology sourcing business seeing a 10.5 percent reduction in revenue. Read more…

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. Read more…

Computacenter said it will become carbon net-zero by 2040 if any of us are still alive to remember its pledge.

The Hatfield-based firm says that it now aims to be carbon neutral for Scope 1 and 2 emissions in 2022, five years ahead of its previous target.

Scope 1 and 2 emissions refer to direct emissions from facilities as well as indirect emissions such as electricity consumption.

Computacenter has also brought forward its carbon net zero commitment, which includes Scope 3 emissions, by 10 years to 2040. Scope 3 includes indirect emissions such as business travel and transport as well as emissions stemming from supply chains and the products from technology partners. Read more…

Reseller Computacenter made more than £6 billion in yearly revenues and claimed it had seen the “highest growth in services revenue for the last 20 years”.

Revenue for the full year jumped 23.6 percent to £6.7 billion with an adjusted profit before tax of £255.6 million – up 27.5 percent from the year before.

The group’s revenue for its Technology Sourcing segment surged 26.2 percent to £5.3 billion. Organic revenue growth excluding the impact of acquisitions was 11.5 percent. Read more…

Computacenter said that it had a record 2021  with its services business reaching its highest growth rates in 20 years.

The Hatfield-based reseller said total group revenues are set to increase by 23 percent for the year ending 31 December 2021 including the effects of acquisitions made since the beginning of 2020. Revenues will increase by 27 percent.

The reseller claims it finished the year strongly and ahead of expectations, and expects adjusted pre-tax profits for the year to be slightly higher than £250 million. Read more…

Computacenter claims its third-quarter results were”marginally above expectations” and says it is “very comfortable” with its current expectations for the full year ending 31 December.

The reseller added that it is “on track to deliver record revenue, profits and earnings per share” based on its recent earnings and forecasts.  In a statement the company said that it entered the fourth quarter with strong backlogs in both Services and Technology Sourcing. Read more…

Computacenter insists that its trading has continued to be “robust” even if the cocaine nose jobs of Wall Street were reluctant to upgrade their market forecasts.

In an unscheduled update, Computacenter said that trading has been “robust” in July and August.

The reseller admits that the second half of 2021 will be pretty rubbish compared to last year when demand was particularly high amid the throes of the Covid pandemic. Read more…

Computacenter says that its 16-year growth streak will continue despite the pandemic.

While analysts think it unlikely that the company could continue its streak of uninterrupted earnings per share growth after 2020 which saw profits rocket by 46.5 percent to £206.6 million the company thinks otherwise.

But a trading update this morning said that it is “highly likely” the firm will continue to grow its earnings per share this year given a strong pipeline of business for the second half of the year. Read more…