Computacenter hikes dividend as business demand for digitisation remains 'buoyant'
Underlying profit has doubled over the past three years
Company
Computacenter PLC
LON:CCC
Computacenter is a leading European independent provider of IT infrastructure services. Computacenter advise companies on IT strategy, deploying and integrating appropriate technologies, and managing elements of their infrastructures on their behalf.
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Computacenter sees FY21 profit above £250mln and starts current year with record order backlog
Total revenue surged by 27%, with revenue from the Services business growing at its highest rate in 20 years
Computacenter ups profit guidance as positive trading momentum continues
The FTSE 250 IT firm said its pre-tax profit for the year to December 31, 2020, is now predicted to be in excess of £195mln, up from a previous forecast of around £190mln made in an update on December 10
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FTSE 100 ends in the red as Wall Street struggles
Sentiment in New York has been hit by the prospect of tougher lockdowns being introduced to combat the spread of COVID-19, with reports emerging of new restrictions in China and Hong Kong as well as a possible UK border closure
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Quiet Friday to be punctuated by flash PMIs
The readings for January are expected to be lower across the board, particularly in the UK and particularly for services
Computacenter enters fourth quarter with strong order backlog
The tech firm said it is “highly pleased” with the performance across its geographies
Computacenter lifts dividend and makes US-focused acquisition after strong half year
Based on current business activity levels, the group said adjusted profit before tax for the year is “unlikely to be less than £180mln”
UK tech stocks pull back with US tech sell-off
Small cap tech stocks held up well in last week’s sell-off, with the selling focused on liquid larger caps.
Computacenter surges as it upgrades full-year forecasts
The IT firm said that a “successful trading performance” seen in the first half of its current year has continued and as a result "the likely turn out for the year as a whole will be materially above the board’s previous expectations"
Computacenter higher as home working boom lifts demand for IT equipment
The tech firm said demand from home workers had helped to offset its more "quiet" industrial clients
Hardware & electrical equipment
Computacenter initiated at buy and Softcat knocked to sell as Citi reevaluates technology resellers
The bank said the value added resellers were “an attractive way to gain exposure to IT spending trends”
Computacenter receives boost from upsurge in working from home during coronavirus pandemic
Business is picking up for the IT services provider with its ability to handle big orders the key to its success in clinching many contract wins
Computacenter pleased with trading - all things considered
"Mustn't grumble," was the message from the IT services provider as it said trading had not been as badly affected by the spread of the coronavirus as it had feared
Computacenter upgraded by UBS over defensive qualities in face of coronavirus
Recent trading showed strong product sales especially laptops as client companies seek to put business continuity plans into action
Computacenter sees laptop demand surge as firms prepare for coronavirus
“We do however have some concerns that in the medium-term, customers may postpone significant IT infrastructure projects while the current uncertainty remains”
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Computacenter upgraded to ‘buy’ as Berenberg says firm could outperform their numbers
The bank is assuming the firm will deliver “double-digit organic revenue growth” in its US business, as well as deploying around £150mln in cash through either a share buyback or an acquisition within the next 12 months
Computacenter hails “best ever” year
Revenues for the IT firm had risen by 16% in the year, while profitability had increased by the largest absolute amount ever
Computacenter downgraded by UBS as profits growth expected to slow
The Swiss bank reduced its recommendation to ‘sell’ from ‘neutral’ and upped the price target to 1,625p from 1,485p
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Power Metal surges as it raises £700,000
A look at the day's major movers, including Rockfire Resources, Woodford Patient, RWS Holdings, McColl's, SDX Energy, Asiamet Resources, Oxford Biodynamics, Ted Baker, Ashtead, Computacenter, Zinc Media, SDX Resources and Erris Resources
Computacenter says digitalisation compensating for challenging economic conditions
The FTSE 250-listed computer services provider said in a trading update that its outlook remains in line with expectations