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."
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
