Computacenter performs in line but UK remains difficult -October 30, 2023 at 05:30 am EDT
(Alliance News) – Computacenter PLC on Monday said it performed in line with expectations during the third quarter of 2023, buts its UK market “remained difficult.”
In the third quarter of 2023, the Hatfield, England-based computer services firm reported that its performance was in line with company expectations.
It said the third quarter followed a “broadly similar pattern” to the first half with Germany and the US performing strongly, while the UK “remained difficult.”
“Following the exceptional growth achieved in the first half, as anticipated, Technology Sourcing volumes normalised during the quarter as some of our high revenue, low margin projects were completed. We remain encouraged by the sales pipeline for Q4. Services revenue continued to grow during the quarter and while inflationary pressures persist, we continue to manage our margin recovery effectively,” the firm said.
Computacenter continues to expect “another year of progress” in 2023, with profit to grow, but noted that the fourth quarter is its largest and “much remains to be done”.
Looking further ahead, the company said it believes it is well positioned to compete and gain further market share.
Shares in Computacenter were up 0.6% to 2,522.00 pence each in London on Monday morning.
By Sophie Rose, Alliance News reporter
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