Computacenter delivers 'good performance' in Q1

(Sharecast News) - Information technology services business Computacenter said on Thursday that it had delivered a "good performance" in Q1, which was ahead of the prior year and in line with internal expectations.

Computacenter said group technology sourcing revenue increased "strongly" against a relatively soft comparison, largely driven by North America, while group services revenue was also ahead of FY24, reflecting "good growth" in professional services and a "slight decline" in managed services revenue.

By region, Computacenter said North America continued its momentum and delivered "a strong performance", reflecting the increased product order backlog position at the end of 2024, while the UK achieved "good growth" in technology sourcing and "excellent growth" in professional services. It also said it had "performed solidly" in Germany.

The FTSE 250-listed group stated that at the end of the quarter, its committed product order backlog across all regions "remained healthy", comfortably exceeding the prior year equivalent position.

However, with global political and macroeconomic uncertainty increasing in recent weeks, Computacenter said the potential impacts on customer demand were "difficult to predict", even though it highlighted it does not have any direct exposure to tariffs, as it meets all local demand with local supply within its markets.

"While we are mindful of the more uncertain backdrop, after an encouraging start to the year, we continue to believe we are well positioned to make progress for the year as a whole in constant currency and to gain market share," said Computacenter.

As of 0825 BST, Computcenter shares were up 2.32% at 2,466.0p.

Reporting by Iain Gilbert at Sharecast.com

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