Computacenter to beat 2009 profit forecasts

12th Jan 2010 08:33

IT infrastructure services provider Computacenter said 2009 profit before tax and exceptional items is expected to beat market expectations of £48.4m after it cut costs and saw an increase in IT outsourcing.Service contracts increased 7% over the year and are worth over £500m a year, the group said. It also reduced costs by almost £30m, nearly twice its target at the start of the year.Exceptional items for the year 2009 are likely to be around £4.5m, £1.5m less than previously predicted, due to the exceptional gain after the sale of its Trade Distribution Division in November 2009.CEO Mike Norris commented, "Our performance has constantly improved as the year has progressed and it is worth remembering that consensus market expectations have already been upgraded by more than £10m throughout the course of 2009."He added, "the contractual services growth and structural changes we have made, make us confident in the business and future progress in 2010."