The Channel logo

News

By | John Oates 10th March 2011 09:51

Computacenter celebrates 30th birthday with strong results

Revs and profits up

Computacenter grew sales by 10.7 per cent in 2010 to £2.68bn and managed to increase adjusted profits by 21.8 per cent to £66.1m.

Earnings per share are up 19.1 per cent to 33 pence.

Mike Norris, chief executive at Computacenter, said the last two years had shown the company identifying and moving into more profitable markets. He said end user demand for new technology was pushing spending in corporate IT, a process helped by economic improvements "within our customers' markets". Norris said he was increasingly confident that Computacenter could outperform the market.

Sales in the UK, when the impact of ending trade distribution is stripped out, grew 10.8 per cent in 2010 to £1.27bn thanks to improvements in corporate spending. The reseller said spending was fairly steady throughout the year with no fourth quarter spike or impact from VAT increases.

UK profit grew 14.5 per cent to £43.3m thanks to revenue growth and some improvement in margins for services. Computacenter celebrated some decent service contract wins in the year – a £10m deal with Gatwick Airport and a five-year support deal with Waitrose.

Computacenter's full result statement is here. ®

comment icon Read 1 comment on this article alert Send corrections

Opinion

WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing
Boy writes a letter to Santa. Pic via Shutterstock

Kat Hall

Cornwall's win over BT should be a cautionary relationship tale

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire