logo
Plus   Neg
Share
Email

Computacenter Says Q1 Revenue, Profitability Ahead Of Prior Year Performance

Computacenter plc (CCC.L) reported Friday that trading across the Group in the first quarter of 2019 has been pleasing. At the Group level, both revenue and profitability are ahead of the company's year-ago quarter performance on a like for like basis before the positive impact of acquisitions.

In the UK, Computacenter saw revenue growth despite the large one-off software licence deal in the year-ago quarter.

As previously indicated, one of the company's largest customers in Germany slowed their cloud infrastructure demand substantially. However, this was more than compensated by the company's business with other German customers.

In France, the company noted that it experienced one of its best quarters ever. The company's U.S. business also saw growth in revenue when compared to the year-ago period, prior to the acquisition of FusionStorm in October 2018.

Looking ahead to fiscal 2019, Computacenter said its board's confidence in the year's performance has increased after the first quarter and it remains firmly on track to deliver on its expectations for the year as a whole.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fiat Chrysler Automobiles N.V. (FCAU) has submitted a 50/50 merger proposal to the Board of Groupe Renault (RNSDY.PK, RNSDF.PK, RNT.L). Under the proposal, the combined company would be owned 50% by FCA shareholders and 50% by Groupe Renault shareholders. Separately, Groupe Renault confirmed it has received... Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020.