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Investing.com -- Shares of Computacenter (LSE:LON:CCC (WA:CCCP)) climbed 2.6% after the company released a scheduled trading update indicating a good first quarter, aligned with management’s expectations and showing an improvement over the previous year.
The IT service provider highlighted a strong performance in various geographies and segments, with Germany reporting solid results despite political events, and North America experiencing robust growth. In the UK, the company enjoyed good growth in Technology Sourcing and excellent growth in Professional Services.
The update further detailed that while Technology Sourcing and Professional Services segments saw good growth, Managed Services revenues experienced a slight decline. For the first half of the year, the market consensus anticipates a 4.4% increase in constant currency sales to £3,285 million and a profit before tax (PBT) of £96 million, reflecting a 2.9% margin.
Reiterating its outlook, Computacenter confirmed its strong positioning to make progress in the fiscal year 2025, despite the outlook being set before "Liberation Day." This confidence is supported by a healthy backlog at the end of the first quarter, which is ahead of the previous year.
Analysts expect a 4.8% growth in FY25 sales to £7,301 million and a flat PBT year-over-year at £254 million, which would result in a margin of 3.5%.
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