Computacenter PLC (LON:CCC) saw its shares jump 7.5% higher this morning after the IT infrastructure provider said it anticipates beating market expectations for 2017 after a strong first quarter performance, particularly in Germany.
In an unscheduled trading update, the FTSE 250-listed firm said its outlook for the full-year has improved thanks to buoyant market conditions and growth in Germany and France, helped as well by favourable currency movements.
Computacenter said that, at constant currency, total group revenue for the first quarter to March 31 rose by 9%, with its Services division seeing an increase of 7%, and its Supply Chain revenue up 11%.
CLICK HERE: For a daily round-up of all the Proactive news
The firm added that Germany saw the highest growth, with total revenue increasing by 23%, while revenue in France rose by 6%.
It said the UK performance was more subdued, however, with revenue falling by 1%.
The group said: “Our performance in 2016, while reasonable in the year as a whole, was weaker in the first half which does create a less-difficult half-on-half comparison.
“This will mean higher profit growth in the first half of 2017 than the second half and will return Computacenter to a more historical norm in the balance of our profits between the first and second half of the year.”
In mid morning trading, Computacenter shares were 55p higher at 788.5p.