Jan 22, 2021

Computacenter lifts earnings guidance for the second time in as many months

Working from home has been a tailwind for IT services group Computacenter, which lifted earnings guidance second time in as many months. Computacenter said trading has continued positively through to the end of the year, meaning adjusted profit before tax for 2020 will be in excess of £195m. Its December update had set a target of not less than £190m. Total revenue grew by 8 per cent on public sector and services-based demand, though spend slowed materially among customers in the manufacturing and industrial sectors, Computacenter said. "The positive momentum we have seen in trading since the start of the pandemic shows no sign of abating, and our pipelines for both Technology Sourcing and Services are as strong as at any time we have seen in the last year," the company said. Earnings will be ahead of guidance given at the half year in September, when the company forecast a small loss or a small profit for the full-year period. The US technology company still said it expected to return to growth this year, reinstating revenue guidance it scrapped after the pandemic hit early last year.

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