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Computacenter enters fourth quarter with strong order backlog

The tech firm said it is “highly pleased” with the performance across its geographies

Computacenter PLC - Computacenter enters fourth quarter with strong order backlog

Computacenter PLC (LON:CCC) said it is very comfortable with the current full-year expectations after entering the fourth quarter with good short-term visibility and a strong backlog of orders.

The tech firm said the third quarter to September 30 finished as anticipated and is “highly pleased” with the performance across its geographies.

READ: Computacenter lifts dividend and makes US-focused acquisition after strong half year

On Monday it will complete the acquisition of Pivot Technology Solutions and BT Services France, which will be renamed Computacenter Network & Systems.

These additions are expected to have a marginal positive effect on 2020 results but should contribute “significantly” to 2021.

Toronto-listed Pivot was acquired earlier this month for CA$2.60 per share, or a total of CA$105.8mln.

The Canadian IT solution provider made US$1.2bn of revenue and US$20mln of pre-tax profit in 2019.

Earlier this year, UK telecoms giant BT PLC (LON:BT.A) agreed to divest its domestic operations in France to Computacenter for an undisclosed price.

BT Services France generated £104mln of revenue in the year to March 2019.

Shares dipped 1% to 2,272p on Friday morning.

Quick facts: Computacenter PLC

Price: 2212 GBX

LSE:CCC
Market: LSE
Market Cap: £2.52 billion
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