Shares in IT infrastructure services and solutions provider Computacenter got a boost after the firm announced that the majority of its new business pipeline for its Managed Services business have reached their conclusion.
When fully operational, these Managed Services contracts will deliver cumulative revenue of around £60m each year, with the possibility of additional revenues from services projects and product pull through.
The contractual revenue will grow between now and the second half of 2012, with the majority of these contracts lasting for five years, when fully operational.
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In a statement the firm said: "There are six material Managed Services contracts that we have won across a number of industry sectors, including both domestic and multinational customers.
"These contracts include a desktop outsource with a large UK retailer, a desktop outsource with a major international bank in the UK, and a global client support contract, including helpdesk, with a leading pharmaceutical company.
"These contract wins, together with others secured in France and Germany, clearly demonstrate Computacenter's ability to deliver cost effective and robust outsourced solutions for customers and help to underpin the board's expectations for 2012 and beyond."
The contracts will make little contribution to 2011 and the business remains on track to meet expectations for the year.
The share price rose 2.69% to 348p by 13:04.
NR
