Yes I like this one, been punished too much IMHO. Looking at the recent spike in the share price, this bodes well for the future of this stock, expecting a W to unroll here, yes bullish on this one from down here at 120p.

Computacenter revenue up 8% in first half
By Lee Wild

Date: Thursday 10 Jul 2008

LONDON (ShareCast) - A largely positive update on the first half attracted buyers to IT services provider Computacenter Thursday, with revenue for the period up around 8%.

The organic growth rate is the strongest for a number of years, said the group as an encouraging second quarter followed a particularly tough first six weeks.

Revenue and profit in the three months to 30 June improved on the first quarter and beat the second quarter of last year thanks to a better effort from UK and French subsidiaries.

The firm, whose shares have almost halved in the past two months, said UK sales for the six months rose 4.8% and by 8.3% in the second quarter due to strong growth from its software business unit.

First half profits in the UK will still be lower than in 2007 though following heavy investment together with the poor start to the year.

Losses in France will be roughly the same as last year in local currency, but major contract successes bodes well for the second half, while trading in Germany has been consistent throughout the first half of 2008.

As anticipated first-half group pre-tax profits are expected to be lower than the same period last year, said the company. However, due to the impact of share buy backs and an improved tax position, earnings per share will show an improvement.

Interim results are expected on 28 August.


TechMARK movers: Computacenter revenue up 8%
Date: Thursday 10 Jul 2008

LONDON (ShareCast) - A largely positive update on the first half attracted buyers to IT services provider Computacenter Thursday, with revenue for the period up around 8%.

The organic growth rate is the strongest for a number of years, said the group as an encouraging second quarter followed a particularly tough first six weeks.

Revenue and profit in the three months to 30 June improved on the first quarter and beat the second quarter of last year thanks to a better effort from UK and French subsidiaries.

Date: Thursday 17 Jul 2008

Investors also switched on to IT services provider Computacenter following last weeks largely positive update on the first half, with revenue up around 8%.

The organic growth rate is the strongest for a number of years, said the group as an encouraging second quarter followed a particularly tough first six weeks.
contract successes bodes well for the second half, while trading in Germany has been consistent throughout the first half of 2008.


According to Share Centre: (Broker Recommendations)

Strong Buy 2
Buy 2
Neutral 2
Sell 0
Strong Sell 0

Total 6

07-Jul-08 Panmure Gordon Buy reiterated their BUY recommendation (reducing target from 229.00p to 201.00p).

Less than a month to results...as always Please DYOR.

UBS today upgrades its investment rating on Computacenter PLC (LON:CCC) to neutral (from sell) and raised its price target to 1285p (from 1255p).

StockMarketWire.com
Computer services provider Computacenter said Wednesday third-quarter revenue declined modestly from a year earlier owing to a more challenging comparison and weakness in the UK, though the company maintained its outlook for the full-year.

For the three months to 30 September, revenue declined 3% to £900m from £931.9m a year earlier.

Revenues were also held back by weaker performance in group technology sourcing revenue, which declined by 5% during the quarter. While total services revenue grew 1%.

In the UK, revenue fell 9% £296m as services revenue fell 4%. While German revenue, which accounts for the bulk of total revenue, rose just 1% to £451m during the quarter.

The company said its outlook for the group's trading result for full-year remained in line with the board's expectations.

'While the overall growth rates in the third quarter in isolation are subdued compared to recent quarters, as mentioned above, the third quarter presented a more challenging comparison. Our expectation for the fourth quarter is for improved growth before acquisitions but not to the levels seen in the first half of the year,' the company said.

Barclays Capital today reaffirms its underweight investment rating on Computacenter PLC (LON:CCC) and cut its price target to 1000p (from 1100p)

StockMarketWire.com
Computer services provider Computacenter said Wednesday it expected adjusted pre-tax results for the year would be 'marginally ahead' of its expectations following outperformance from acquisitions.

The upbeat outlook comes as group revenue for the year grew by 8%, with the UK, Germany and International segments generating growth of 10%, 8% and 12%, respectively. While in France, growth declined 3%.

Group Services revenue for the year increased by 1%, while group Technology Sourcing rose 11%.

Performance was bolstered by the two businesses acquired in the second half of last year.

Both acquisitions 'collectively outperformed our expectations, particularly with the over performance of our new business in the USA,' the company said. 'Collectively these businesses delivered revenue in excess of £220 million in the fourth quarter.'

'2018 was a record year which has materially outperformed our original expectations. We believe that we will again show financial progress during 2019,' Computacenter said.

'The first half performance in 2018 will create a challenging comparison but positive market momentum, driven by our customers' appetite to invest in digital technology to enhance their business, gives the Board confidence in the future. We will also see a full year contribution from the acquisitions we made in the second half of the year.'