Computacenter rises on positive full year guidance

Computacenter, the FTSE 250 provider of IT services, says its full year figures for 2011 will "show the sixth consecutive year of double digit earnings per share growth".

It also claims the 2011 profit before tax figure will be "in line with the board's expectations".

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.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

The company says strong growth in Germany has "more than offset" a "challenging" year in the UK.

By the end of last year net cash stood at £111.5m versus £111.0m at the equivalent point of 2010.

Computacenter shares gained 3.24% in early trading on the back of today's update.

Over the last 12 months the stock has dropped 18%.

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.