Computacenter Share Chat (CCC)

Computacenter on track for FY Date: Tuesday 12 Jul 2011 LONDON (ShareCast) - IT infrastructure services and solutions provider Computacenter expects profitability in the first half to be comfortably ahead of the same period last year and is on track to deliver full year results in line with company forecasts. The first half of the financial year ending 31 December 2011 saw revenue growth of approximately 6%, the group said in a trading update. Excluding acquisitions, revenue grew by around 4% and in constant currency terms, without acquisitions, revenue growth was also 4%. The second quarter was consistent with the first quarter with growth in services across all of its geographies. However the group saw weak product revenues from its more financial services oriented client base in the UK. This was in contrast to much stronger growth from its predominantly industrially oriented customer base in both France and, more specifically, Germany, it said. Computacenter added that the second half of the year would be held back by an increase in the depreciation charge, as its rolls out its new ERP system. "Additionally, due to the improving performance in 2010 as we went through the year, the second half of 2011 presents us with a less easy set of comparators than the first half," the group said. Beyond 2011, Computacenter said it was encouraged by its progress, particularly in its managed services business, which the group believes can present a cornerstone for its growth in the years ahead.

http://www.investegate.co.uk/Article.aspx?id=201107120700071870K

First half profits are in-line with expectations at Computacenter (CCC), the information technology provider announced in a trading update, as revenues climbed 6% on the comparable period a year earlier. The group reported considerable growth for product sales amongst its industrially orientated clients in Germany and France, 38% and 39%, respectively, but a decline of 23% in the UK which has a greater focus on financial services. The shares gained 5p to 465p.

Panmure Gordon retained its “buy” recommendation for Computacenter (CCC) with a 484p target price. Ahead of the forthcoming trading update, the broker said it believes that the provider of IT infrastructure services is well placed strategically, with continued opportunities in servers, managed services and cloud computing. The firm’s profitability model should continue to deliver positive surprises as it moves from product reselling to a servers and services model, Panmure added.

http://forums.channelregister.co.uk/forum/1/2011/03/10/30_years_computacenter/

The company it self is ok but the management there is a joke. Currently work there and I have seen lots of restructure which doesn't look good from the operational point of view. I think many employees who work in that environment are not really happy with management and I don't see management doing a good job according to the potential of this company. This company can do a lot better but it is slacking and could cause loosing contracts which they already have. A client refuse to renew.

Panmure Gordon maintained its "buy" rating for Computacenter (CCC), the provider of IT infrastructure services, with a 484p target price. Commenting ahead of the group's first-quarter interim management statement next week, the broker said the business continues to outperform expectations due to its "slick" operating model, focus on cash and leading UK market share. That said, with France in profit, a beefy balance sheet, and continued pull from demand side drivers, Panmure believes the future is looking bright

Computacenter (CCC) intends to acquire HSD Consult GmbH, the German Apple integrator, as part of the IT infrastructure services providers efforts to strengthen its position in the growing mobility integration solution market in Germany. The initial cash consideration payable amounts to 4.9 million euros (4.3 million pounds) and in addition, there may be further consideration of up to 0.5 million euros (0.4 million pounds), depending on the level of acquired skills retained at the end of 2011. Shares in Computacenter slipped 2.4p to 457.5p.

http://www.investegate.co.uk/Article.aspx?id=20110401100300H2612

http://www.investegate.co.uk/Article.aspx?id=20110401085500H2593

In a move to pursue opportunities in the deployment of its Microsoft Collaboration service and solution offerings, IT infrastructure services provider Computacenter (CCC) has acquired a minority stake in ICS Solutions for a cash consideration amounting to 500,000 pounds. Separately, the group announced the completion of the acquisition of Top Info SAS, an information technology re-seller of hardware, software and services. The shares advanced 3p to 438p.

Mike Norris, Chief Executive of Computacenter plc, commented: "Computacenter has delivered another strong set of results with increased profits, EPS, dividends and an improved cash position. We have delivered in excess of 20% compound annual EPS growth over the last four years. Over the last two years, we have done much to identify those areas where we have competitive advantage and for which there is market appetite. We believe that this is where our future success lies. We believe that 2011, as a whole, will be a year of continuing improvement for Computacenter's performance. We are encouraged by end user demand for new technology which is driving the requirement for investment in corporate IT infrastructure, helped by economic improvement within our customers' markets. Our services market place continues to grow, albeit at a modest pace, but we feel increasingly confident about our ability to continue to outperform the market."

FINANCIAL HIGHLIGHTS Underlying performance · Ongoing^ revenues increased 10.7% to £2.68 billion (2009: £2.42 billion) · Adjusted* profit before tax increased 21.8% to £66.1 million (2009: £54.2 million) · Adjusted* diluted earnings per share ('EPS') increased 19.1% to 33.0 pence (2009: 27.7 pence) · Total dividend for 2010 of 13.2 pence per share (2009: 11.0 pence) · Net cash prior to customer specific financing (CSF) was £139.4 million (2009: £86.4 million) Statutory Performance · Group revenues increased 6.9% to £2.68 billion (2009: £2.50 billion) · Profit before tax increased 35.1% to £65.4 million to (2009: £48.4 million) · Diluted EPS increased by 30.9% to 32.6 pence (2009: 24.9 pence) · Net cash after CSF of £111.0 million (2009: £37.3 million) OPERATING HIGHLIGHTS · Revenues improved significantly in all our major geographies · Ongoing^ Group product revenue grew markedly, up 12.5% (14.7% in constant currency) as a result of strong customer demand for upgraded and improved IT infrastructure · Our Group annual services contract base grew over 7.1% (9.3% in constant currency) to £539.4 million (2009: £503.6 million) in excess of market growth predictions# · Our Group-wide ERP project remains on track with a successful migration onto the new platform in Germany · On 15 February 2011 we announced, subject to the approval of the French Competition Board, our agreement to acquire Top Info for an initial debt free cash consideration of €21 million · Launch of C3Mail, the first in a suite of cloud based offerings

http://investegate.co.uk/Article.aspx?id=201103100700106612C

Computacenter expects further growth in 2011 Date: Thursday 10 Mar 2011 LONDON (ShareCast) - IT services provider Computacenter reported 2010 figures in line with expectations and management expects further improvement this year. Ongoing revenues grew 11% to £2.68bn, while underlying pre-tax profit was 22% ahead at £66.1m. The total dividend rose from 11p a share to 13.2p a share. Net cash trebled to £111m at the end of 2010. If financing supplied to customers is included the net cash figure increased from £86.4m to £139.4m. Computacenter grew its business in all of its geographic markets. France returned to profit for the first time since 2002. Computacenter is investing in enterprise software across its business and it will not be making any significant acquisitions until this investment is complete. A small French acquisition was announced earlier in the year. Panmure Gordon says that it is reviewing its 2011 forecasts because 2010 gross profit was lower than it expected. The broker has already increased its 2011 dividend forecast from 13.5p a share to 14.3p a share.

Another well deserved SP rise

Mike Norris, CEO of Computacenter commented: "Customers are refreshing, upgrading, improving and investing in their IT infrastructures and we are well placed to meet these needs. The growth of long-term services contract revenue remains fundamental to the long-term success for Computacenter and it is pleasing to note that we have seen approximately an 8% increase in the annual services contract base. There was significant product revenue decline in 2009, mainly due to the economic environment. However, in 2010 we have seen strong product revenue recovery and we anticipate that product revenue will grow steadily in 2011, subject to the overall economic environment."

http://www.investegate.co.uk/Article.aspx?id=20110111070000H8554

£3.93p to buy

I'm still holding my CC shares, got in at 285p, the company seems to have made phenomenal progress over the last 10 years. I used to work at CC and I remember a company that was always highly resilient to changing market conditions. It would appear that CC certainly have come on strong and their range of new contracts reflect the companies ability to morph itself to fit in with the current IT climate. Definiately a buy.

Buy at 327p cities Panmure Gordon & Co. Following recent full year results from this information technology infrastructure services provider, Panmure has reiterated it buy stance. Although the 2010 earnings forecast was reduced marginally, thanks to a more difficult outlook for the group’s German business, ongoing contract wins provide optimism. The UK business won contracts to the value of £503m during the financial year 2009, including a five year contract worth £100m with an unnamed UK retail bank. In all, a quiet revolution remains ongoing at the company

This seems like a cheap price GLA.

Morrisons TCV £5.3 million,Unix & Intel Infrastructure Support, Remote monitoring, Service Desk, 2nd Line Support, Cisco Wireless & Wired Network Support, Desktop, Laptop, Printer & Hand Held Device Support utilising ‘SSF’, Cabling Support Liverpool Direct £8 million. Credit Suisse $120 Million over 5 years (Very nice). This company is going places.

Computacenter wins £8 million deal to help improve ICT facilities for secondary schools.

http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10337757