Computacenter PLC (LSE:CCC) continues to face challenging trading conditions in the UK, though the FTSE 250-listed IT multinational noted consistent performance in Germany and the US in today’s trading update.
Computacenter’s third quarter followed an exceptional period of first-half growth, but technology sourcing volumes have since normalised as certain high-revenue/low-margin projects came to a close.
Specific trading figures were not given in today’s statement, though the group stated that services revenue grew during the quarter “and while inflationary pressures persist, we continue to manage our margin recovery effectively”.
“We continue to make good progress with our targeted strategic investments to enhance Computacenter's long-term competitive advantage,” the company said.
Computacenter also cited a strong cash position as inventories reduced and supply chains normalised.
“We continue to believe full-year 2023 will be another year of progress with growth in profitability,” said management.