Computacenter on track for FY

12th Jul 2011 07:21

IT infrastructure services and solutions provider Computacenter expects profitability in the first half to be comfortably ahead of the same period last year and is on track to deliver full year results in line with company forecasts. The first half of the financial year ending 31 December 2011 saw revenue growth of approximately 6%, the group said in a trading update. Excluding acquisitions, revenue grew by around 4% and in constant currency terms, without acquisitions, revenue growth was also 4%. The second quarter was consistent with the first quarter with growth in services across all of its geographies. However the group saw weak product revenues from its more financial services oriented client base in the UK. This was in contrast to much stronger growth from its predominantly industrially oriented customer base in both France and, more specifically, Germany, it said. Computacenter added that the second half of the year would be held back by an increase in the depreciation charge, as its rolls out its new ERP system. "Additionally, due to the improving performance in 2010 as we went through the year, the second half of 2011 presents us with a less easy set of comparators than the first half," the group said. Beyond 2011, Computacenter said it was encouraged by its progress, particularly in its managed services business, which the group believes can present a cornerstone for its growth in the years ahead.---CJ