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".
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".
Excluding acquisitions, Computacenter's revenue grew by 3%; at constant currencies the figure drops to 2%.
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
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%.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Will a Santa Rally bring festive cheer to investor portfolios this year?
Investors will be hoping for a seasonal stock market boost in December
By Marc Shoffman Published
-
ChatGPT turns two: how has it impacted markets?
Two years on from ChatGPT’s explosive launch into the public sphere, we assess the impact that it has had on stock markets and the world of technology
By Dan McEvoy Published