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Computacenter lifts FY outlook after 'strong' Q1 performance
(Sharecast News) - Technology and services provider Computacenter said on Friday that full-year results would be "comfortably ahead" of market expectations as it had reported a first‑quarter performance that came in "significantly ahead" of the prior year and "well above" internal expectations, driven by robust growth in technology sourcing unit and continued progress in services. Computacenter said group technology sourcing revenues rose "particularly strongly", supported by significant demand from hyperscale customers in North America and the UK, while services revenue also improved year‑on‑year, with strong organic growth in professional services - again led by North America - offsetting a decline in managed services.
The FTSE 250-listed firm said its North America operation delivered an "excellent first quarter" performancy, benefiting from a record product order backlog at the end of 2025 and stronger‑than‑expected hyperscale volumes across both its technology sourcing and professional services divisions. It also said the UK saw strong growth, including AI‑related project completions, while Germany posted a solid performance, with technology sourcing growth partly offset by subdued professional services. Western Europe recorded a modest improvement.
Looking ahead, Computacenter said its committed product order backlog remained strong across all regions, with some customers placing orders earlier than usual amid ongoing hardware component shortages.
As a result of the better‑than‑expected start to the year, Computacenter now expects "a much stronger performance in the first half" than previously anticipated and, assuming no material deterioration in external conditions, full‑year results "comfortably ahead" of market expectations.
As of 0815 BST, Computacenter shares were up 3.35% at 3,454p.
Reporting by Iain Gilbert at Sharecast.com
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