Computacenter Performance Boosted By Work From Home, New Contracts

(Alliance News) - Shares in Computacenter PLC surged on Friday, after the company said trading in the period from mid-April to mid-May has "accelerated", and that it has struck some "substantial" Technology Sourcing contracts.

The Covid-19 pandemic and resulting government-imposed movement restrictions has forced thousands of businesses to implement a work-from-home policy, which has benefited technology firms such as Computacenter.

Shares in the information technology infrastructure provider were up 9.5% at 1,463.00 pence each in London, having initially risen 12%.

"These incremental volumes mean that we now believe that the first half of 2020 will be considerably ahead of the same period of last year," Computacenter said.

The FTSE 250-listed company however, stopped short of providing any "meaningful guidance," for the second half, blaming the continuing uncertainty in the market created by the Covid-19 crisis.

In its trading statement back in April, Computacenter said: "There has been a surge in demand from many of our customers to enable business continuity particularly around homeworking and network resilience."

Computacenter is slated to release its interim results on September 9.

By Tapan Panchal; tapanpanchal@alliancenews.com

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