Computacenter issues profit warning


Computacenter issues profit warning

Antony Savvas

IT services firm Computacenter says it has experienced a "difficult first quarter" in its UK and French markets, and has issued a profits warning.

UK sales in the quarter, including acquisitions, were up 1.1% to £346.6m, but on a like-for-like basis actually fell by 1.5%, said the firm.

Group sales were up 1.8% to £598.4m, helped by the strength of the euro against sterling. The market in Germany performed well, said Computacenter.

"However, it is likely that the pre-tax profit will be more skewed towards the second half [the second quarter] which may result in the first half [of the year] being slightly below the first half of last year," said the firm.

"This is due to not achieving our revenue growth objectives to date, despite increased investments," it said.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy