29th Oct 2021 10:16
(Alliance News) - Computacenter PLC on Friday said it was on track to deliver record revenue, profit and earnings per share for 2021 after revealing trading had beaten forecasts for the third quarter.
Shares in the FTSE-250 computer services firm were 2.3% lower in London on Friday morning at 2,689.48 pence each.
Computacenter said its performance for the third quarter ended September 30 was marginally above expectations, leaving the IT services firm "very comfortable" with its current annual for record results.
The group also highlighted that product supply shortages were not as severe as some market predictions. However, it acknowledged shortages were affecting the timing of revenue bookings and increasing inventory levels, as it waits for components to complete orders.
"Without these constraints our expected record performance would be even stronger," the company said. "We enter the fourth quarter with strong backlogs in both Services and Technology Sourcing. The Technology Sourcing backlog is at record levels driven by three factors - strong underlying demand, vendor product supply constraints and customers placing advance orders to mitigate the risk of product shortages," the company said.
Computacenter will publish a trading update on January 24.
By Will Paige; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Computacenter