IT software and services provider Computacenter (CCC) reported a 27 per cent rise in revenues to £931m for the third quarter of 2017, up 20 per cent at constant currencies. This means reported growth of 18 per cent year on year. Trading remains in keeping with management’s full-year expectations.
Regionally, the UK division saw slower growth, but still managed to achieve an 8 per cent sales uplift during the quarter to £335m, or 9 per cent at constant currencies. Meanwhile, Germany’s top line grew by 26 per cent at constant currencies, while France saw a whopping 34 per cent improvement. The group’s net funds rose by around £54.5m on a reported basis, reaching £151.5m; the board plans to stick to its objective of returning approximately £100m to shareholders in the fourth quarter.
