The Channel logo


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


George Osborne, photo: HM Treasury
shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.