The Channel logo

News

By | Joe Fay 20th April 2011 08:22

UK.gov torpedoes Computacenter product revs

Continental subs relieve UK dog's breakfast

Reseller giant Computacenter has declared a "satisfactory" start to he year, even as the UK government's austerity drive pulled helped drag down group revenues growth to 2 per cent.

Overall performance for the year should be in line with management expectations the mega dealer said.

Group product revenue was flat on the year, with weakness in the UK offset by strong growth in Germany and France. Services revenue was up 6 per cent.

The UK saw product revenue slump by 23 per cent, in part because of the UK government's tightening of the purse strings. Q1 is the public sector's splurge month as public servants work to the spend it or lose it mantra. Bu the firm said the product slump would a much less insignificant effect on its revenue. The figures were also off kilter because of a particularly large deal a year ago.

Looking further in the year, Computacenter said its service new business pipeline looked "promising" and it was implementing new contracts at better margins than in the past.

Germany saw product revenues jump to 28 per cent, while services grew 9 per cent. French service revenues were up 10 per cent with product revs up 22 per cent. ®

comment icon Read 2 comments on this article alert Send corrections

Opinion

Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Chris Mellor

Why overlapping kit from a merger equals a disaster in waiting
management cloud2

Gavin Clarke

The executioner turns gambler as HP's PCs are set to go

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that