Services and European performance boost Computacenter


Services and European performance boost Computacenter

Simon Quicke

Computacenter expects the continuing demand for services as customers look to get the most out of their technology investments is a trend that will continue to bolster its bottom line.

The channel player reported full year results for 2011 with revenues increasing by 6.6% to £2.85bn and pre-tax profits climbing to £74.2m from £66.1m a year earlier.

Weak supply chanin demand in the UK was offset by a decent performance in France and Germany and those countries, along with Belgium, now account for 49% of group profits.

The services contract base grew by 6% and it was that side of the business that was highlighted as a positive by Mike Norris, chief executive of Computacenter.

"We are delighted with the strong customer demand for our service offerings, which we confidently believe enable them to reduce their operating costs in the long term. Our new business pipeline for 2012 looks potentially as exciting, if not more so, than that which we achieved in 2011," he said.

"The Board believes that despite the current economic climate, there would need to be further deterioration in this environment for its expectations not to be met this year and the Board is confident of achieving further progress during 2012," he added.

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