26th Apr 2019 08:26
LONDON (Alliance News) - Computacenter PLC on Friday reported a better-than-expected first-quarter trading performance and said that challenging economic conditions in the company's operating markets do not seem to be deterring customers from investing in technology.
The FTSE 250 company, which provides computer services to public and private sector customers, also said that it remains on track to deliver on expectations for the year as a whole.
Shares were up 11% at 1,192.00 pence each in early morning trade.
"While it is early in the year and much work remains to be done, the board's confidence in the year's performance has increased after the first quarter, and we remain firmly on track to deliver on our expectations for the year as a whole," Computacenter said.
At group level, the company's revenue and profitability for the three months to March 31 were ahead of the comparative period on a like-for-like basis and before the positive impact of acquisitions.
In the UK, Computacenter saw revenue growth despite a large one-off software licence deal in the comparative first quarter of 2018. The German business saw one of the company's largest customers slowing its cloud infrastructure demand; however, this was more than offset by business with other customers in the country.
In France, the company said it experienced one of its best quarters ever. The US business saw year-on-year growth in revenue, excluding the acquisition of FusionStorm in October 2018.
The company said integration plan for FusionStorm remained on track.
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