logo
Plus   Neg
Share
Email

Computacenter Sees FY Trading Results To Be Well Ahead Of Market View

Computacenter Plc. (CCC.L) said that it expects Group's trading result for the financial year 2019 will be well ahead of current market expectations in both profitability and earnings per share.

The company noted that it has not seen a repeat of the negative impact that occurred in the second half of 2018 due to contract provisions and the existing difficult contracts continue to perform in line with, or slightly ahead of, its expectations.

In a trading update for the period to 30 November 2019, the company noted that both revenue and profitability remain well ahead of its 2018 year-to-date performance on a like for like basis, before the positive impact of acquisitions, with the eleven months of trading to 30 November 2019 showing material progress for Computacenter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Volkswagen Group were gaining around 3 percent in German trading after the automotive giant Thursday reported market recovery in the third quarter with improved deliveries in the month of September. For the first nine months of fiscal 2020, the company, meanwhile reported sharply lower earnings with weak revenues and sales volume. Comcast Corp. on Thursday reported a 37 percent decline in profit for the third quarter from last year, hurt primarily by revenue decline at NBCUniversal. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. The company also declared a quarterly dividend. In the pre-market trade, CMCSA is trading at $42.83, up $0.85 or 2.02 percent. Regeneron announced positive results from its late stage COVID-19 outpatient trial, indicating that its antibody cocktail therapy significantly reduced virus levels and need for further medical attention. The trial results showed that investigational antibody cocktail, REGN-COV2, met the primary and key secondary endpoints.
Follow RTT