Computacenter’s top line swelled by a quarter in the first half of 2025 as its UK business returned to growth and its North American arm delivered a “standout performance”.
Half-year results unveiled by the LSE-listed technology sourcing and services giant this morning show gross invoice income (GII) jumping 24.9% to £5.66bn year on year amid “buoyant” demand from hyperscale and enterprise customers.
Operating profit also advanced by 1.2% to £82.1m in a move Computacenter said puts it on track to grow this key metric for the full year.
The results mirror a recent market-busting full-year guidance from Computacenter’s UK-centric, midmarket-focused peer, Softcat.
North America now generates 44% of profits
Built on a series of acquisitions between 2018 and 2022, Computacenter’s North American arm now generates 44% of the group’s total adjusted operating profit.
It gave a “standout performance” during the period as GII from the region leapt 53% to £2.53bn and adjusted operating profit rocketed 88% to £49.1m. It chalked this up to a combination of “buoyant hyperscale customer demand” and growth in volumes with enterprise customers.
“We remain excited about both the scale of the market opportunity in North America and our momentum as we seek growth both organically and via acquisition,” said CEO Mike Norris, who celebrated 30 years in the hotseat in January.
UK’s return to form
The UK also returned to growth after “a more challenging period”.
Computacenter attributed the return to form in its home market to efforts to refocus on its target market of large corporate and public customers, despite a “relatively subdued” market.
Computacenter’s number of “major” customers – namely those generating over £1m in gross profit per annum – rose from 48 to 58 year on year in the UK, and from 183 to 197 overall.
Computacenter said it was pleased to deliver more high-performance AI-related infrastructure projects in the country.
Breaking down Computacenter’s UK performance, Technology Sourcing GII rose 24% to £1.07bn, professional services revenues rose 29% to £91.6m and managed services revenue fell 8% to £137.4m.
“Softer” Germany and France
Computacenter endured “softer” performances in Germany and France, where political change fuelled a reduction in public sector activity.
German GII inched up 1.7% to £1.21bn, while Western Europe – which houses France, Belgium, the Netherlands and Switzerland – saw GII roll back 0.7% to £477m.
“We executed well during the first half delivering growth in both Technology Sourcing and Services against a backdrop of significant macroeconomic and political uncertainty,” CEO Mike Norris said.
“Furthermore, we have significantly expanded our base of major customers over the past year, reinforcing our resilience and positioning ourselves for sustainable growth.”
Computacenter lavished £21.9m on strategic initiatives designed to boost growth during the half – £4.3m more than the previous year.
“Looking to the full year, we have a healthy order backlog position and have made a strong start to our third quarter, especially in North America. As a result, we continue to expect growth in adjusted operating profit for the full year,” Norris concluded.