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Computacenter on track to meet FY guidance as performance tops expectations in Q1

By BFN News | 08:00 AM | Friday 26 April, 2019


Computer services provider Computacenter touted improved confidence in meeting its full year as revenue and profit growth topped its expectations amid one of its 'best quarters ever' in France. Both revenue and profitability were ahead of our 2018 first-quarter performance on a like for like basis before the positive impact of acquisitions, the company said. 'This was above our original expectation as the first half of the year presents us with a challenging comparison.' In the UK, the company grew revenues despite the large one-off software licence deal in the first quarter of 2018. In Germany, cloud infrastructure demand slowed substantially, but the company's business with other German customers more than compensated for this. But France was the highlight of the quarter as the company experienced one of its best quarters ever. 'Slightly more challenging economic conditions throughout our major markets do not seem to be deterring our customers from investing in technology as they seek to enhance the competitiveness of their businesses,' the company said. 'While it is early in the year and much work remains to be done, the Board's confidence in the year's performance has increased after the first quarter and we remain firmly on track to deliver on our expectations for the year as a whole.' At 8:00am: (LON:CCC) Computacenter PLC share price was +44p at 1122p Story provided by StockMarketWire.com

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