Computacenter rises on positive full year guidance

12th Jan 2012 08:17

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%.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