1st May 2025 11:25
(Alliance News) - Computacenter PLC on Thursday said its first-quarter was in line with expectations, and the Hatfield, England-based technology services provider explained it does not have "any direct exposure to tariffs".
Computacenter said its outturn in the first-quarter of 2025 was ahead of the prior year and in line with its view.
"Group Technology Sourcing revenue increased strongly against a relatively soft comparison, largely driven by North America. Group Services revenue was also ahead of last year reflecting good growth in Professional Services and a slight decline in Managed Services revenue," the Hatfield, England-based firm said.
"By region, North America continued its momentum and delivered a strong performance reflecting the increased product order backlog position at the end of 2024. The UK achieved good growth in Technology Sourcing and excellent growth in Professional Services. In Germany, given the anticipated temporary reduction in public sector activity following recent elections, the business performed solidly."
Computacenter believes it is "well positioned to make progress for the year" on a constant currency basis. It also expects to gain market share.
"With global political and macroeconomic uncertainty increasing in recent weeks, the potential impacts on customer demand are difficult to predict. We do not, however, have any direct exposure to tariffs as we meet local demand with local supply within our markets across the group," it added.
Shares in the company rose 3.0% to 2,481.00 pence each in London on Thursday morning.
By Eric Cunha, Alliance News news editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Computacenter