Computacenter revenues climb 4pc
European IT services provider Computacenter said it continues to trade in line with company expectations and the outlook for the full year to 31 December remains intact.
European IT services provider Computacenter said it continues to trade in line with company expectations and the outlook for the full year to 31 December remains intact.
Group revenue increased 4 per cent in the first half on a reported basis and 8 per cent in constant currency and includes a small contribution from acquisitions made during 2011.
Services revenue rose by 12% on a reported basis in the half year and 15% in constant currency. Supply Chain revenue increased 1% on a reported basis and 4% in constant currency.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
During the second quarter Computacenter saw a 16% increase in services revenue in constant currency resulting in the group taking on 700 extra staff to cope with the demand. The cost of the recruitment and training of the extra staff is expected to cost the group an extra £7m in 2012.
"While we have been pleased with the growth in our Services revenue, the increase in new business has come with significant additional start-up costs that will adversely impact profit in 2012."
"However, the Board believes that this incremental cost, which remains in line with our statement of 14 June 2012, will help secure Computacenter's long term growth potential and enhance the quality of earnings," it said in a statement.
Across its geographical divisions UK revenue grew by 5% in the first half of the year, German total revenue increased by 7% and France grew revenues by 9% on a constant currency basis.
CJ
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
-
Skipton launches a retirement bond with monthly income – is it any good?
The building society has launched a new three-year fixed-rate bond for those aged 66 and over. Can it boost your retirement income?
By Katie Williams Published
-
Pensions: 140,000 pensioners to be hit by surprise tax demand
Tens of thousands of pensioners will be written to over the summer because their pensions have gone above the frozen income tax thresholds
By Chris Newlands Published