Computacenter profits rally in first half

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Computacenter profits rally in first half

Angelica Mari

UK IT services firm Computacenter said it expected overall profitability for the first half of 2010 to be in excess of 10% ahead of the previous year.

The company posted pre-tax profit of £18.2m for the same period a year ago. Excluding the effect of the disposal of its trade distribution business in 2009, revenue over the first half of 2010 grew by 7%, the company said in a trading update.

Computacenter - which counts retailers WM Morrison and Marks & Spencer, as well as Lloyds Banking Group among its clients - said it has seen a positive trend in IT capital expenditure in all the regions it operates compared to last year.

"We are pleased with the progress the group has made, albeit slightly held back by the first two months results in Germany," the company said in a statement.

"While we are fully aware that market conditions remain highly competitive and the economic outlook is far from certain, the first six months of 2010 has led us to believe that this will be another year of progress," it said.

"We remain on track to achieve our expectations for the year-end outcome."

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