Join our community of smart investors

German demand boosts Computacenter

The 2017 financial year has got off to a great start for the software and services company
April 26, 2017

The one good thing with a poor spell of trading is that subsequent periods look comparatively impressive. That is what has happened at software and services company Computacenter (CCC).

IC TIP: Buy at 797p

First-quarter trading has been much improved compared with last year, with revenue up 9 per cent on a constant-currency basis. Management now expects full-year numbers to be ahead of consensus pre-tax profit expectations of £90.1m.

Demand for the group's supply chain services is soaring, particularly in Germany, as a greater number of customers are looking to turn their operations digital. This sent German revenue up 23 per cent, helping to offset the stilted demand for services in the UK.