European IT services provider Computacenter came good on a promise to report a sixth year of double digit growth after it said profits rose 10.3% in 2011.
The firm saw strong revenue and profit growth in Germany and France as customers continued to upgrade their IT infrastructure.
This offset weaker demand in the UK where revenues fell by 12.9%, the company said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Diluted earnings per share jumped 20.6% on the year before to 39.3p and the company pushed up its total dividend for 2011 by 13.6% to 15p.
Chief Executive, Mike Norris, was upbeat about the prospects for 2012.
"The Board believes that despite the current economic climate, there would need to be further deterioration in this environment for its expectations not to be met this year and the Board is confident of achieving further progress during 2012," he said.
"Our new business pipeline for 2012 looks potentially as exciting, if not more so, than that which we achieved in 2011."
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
