Computacenter Plc (CCC.L) Monday said in its trading update for the half year ended June 30 that it recorded higher revenue and gross profit during that period, helped by a good performance in its high-volume Technology Sourcing business.
The British IT services company said that while North America and UK performed well, trading in Germany and France was weak during the second quarter due to reduced public sector activity following political changes.
According to the company, in spite of these challenges and a 2 million pounds adverse currency impact, adjusted operating profit is expected to be slightly ahead of the 81.1 million pounds recorded last year. Computacenter added that net interest income is expected to be around 6 million pounds lesser due to the 2024 share buyback, even though earnings per share has grown from the same period a year ago
Looking forward, Computacenter said that it is well positioned for the second half of the year, helped by a healthy order backlog across regions.
The company said that full-year 2025 adjusted operating profit is still forecast to be ahead of last year, despite a 4 million pounds adverse currency impact. However, adjusted pre-tax profit is expected to be broadly flat due to reduced finance income.
Computacenter said that it will publish its first-half results on September 9.
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