Computacenter has enjoyed an “encouraging start” to 2025, the LSE-listed giant said in a chirpy Q1 update this morning.
The reseller and services goliath’s 19-year run of unbroken earnings per share growth came to an end last year, as its top line also dipped below £10bn.
Computacenter exhibited a glass-half-full mentality in its full-year results in March, however, stressing that it was “excited” by its pipeline of enterprise and hyperscale opportunities.
Having fun in Q1
Q1 has played out just as Computacenter expected, with unaudited numbers coming in ahead of the prior year, the Hatfield-based outfit said.
Technology sourcing revenue in the first three months of the year increased “strongly” against a relatively soft comparison – largely driven by North America.
Group services revenue was also ahead of last year, reflecting good growth in professional services and a slight decline in managed services.
Something of a problem child over the last 18 months, Computacenter’s £2.2bn UK arm enjoyed “good growth” in technology sourcing and “excellent growth” in professional services in Q1.
North America (£3.8bn) delivered a “strong performance”, while its German business (£2.7bn) performed “solidly” against a backdrop of election-hit public sector spending.
“At the end of the quarter our committed product order backlog across all regions remained healthy, comfortably exceeding the prior year equivalent position.” Computacenter stated.
“While we are mindful of the more uncertain backdrop, after an encouraging start to the year, we continue to believe we are well positioned to make progress for the year as a whole in constant currency1 and to gain market share.”
