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Computacenter PLC on Thursday said it performed strongly in the third quarter with continued momentum in North America, improvements in the UK, and a return to growth in Germany. In response, shares in the Hatfield, England-based technology services provider rose 3.9% to 2,842.00 pence each in London for a market value a touch below £3.0 billion. ‘We continued to execute well in Q3 delivering a strong performance against last year. As a result, for the nine months to date, we are comfortably ahead of last year,’ the FTSE 250 listing said in a trading statement covering the three months to September 30. Strong momentum was maintained in North America driven by continued volume growth with both enterprise and hyperscale customers, while the UK delivered further improvement. After a more subdued first half, Germany returned to growth during the period with indications, towards the end of September, of the expected recovery in public sector activity in the fourth quarter. As anticipated, trading in France remained challenging largely reflecting significant political and economic uncertainty. During the quarter, Technology Sourcing revenue increased strongly driven primarily by North America and the UK. Services revenue grew solidly with strong growth in Professional Services, especially in the UK and North America, partly offset by a modest decline in Managed Services. Looking to the full year, Computacenter said it remains ‘mindful’ of the ongoing uncertain geopolitical and macroeconomic backdrop, noting the fourth quarter is its ‘largest quarter of the year’. But the firm said while ‘we also face a tough comparative following a strong finish to 2024, we are encouraged both by our progress year to date and our committed product order backlog, which remains healthy in all geographies.’ The current backlog is ahead of both the position a year ago and at the end of the first half, it added. ‘As a result, we continue to expect full year adjusted operating profit in FY 2025 to be ahead of the prior year,’ the company said. In 2024, Computacenter reported adjusted operating profit of £246.7 million, itself down 9.1% from £271.5 million in 2023. Looking further ahead, the combination of the strength in integrated Technology Sourcing and Services gives continued confidence in long-term growth prospects, the firm added. Computacenter’s next scheduled trading update will be on January 28, 2026. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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