Thursday 12 March 2020

Computacenter hits £5bn revenue milestone in 2019

cccComputacenter saw its top line pass the £5bn milestone in 2019 with revenue growing 16.1% (or 16.9% constant currency) to £5.05bn in its FY19. That performance was based on the Technology Sourcing (resale) business growing 20.3% and the Services business growing at 4.7%. Not all of that growth was organic, with 80% of the £732.2m it added in revenue coming from acquisitions.

CEO Mike Norris believes 2019 will be hard act to follow, despite the 2020 Services pipeline (both Professional and Managed Services) being “the strongest we have seen for some time” and the belief that customers will continue to invest in products - particularly in security, networking and cloud. hvp

Norris also addressed the current COVID-19 crisis in the results announcement. Of course, end user services are a key play for Computacenter and not surprisingly it’s been rallying to support customers as their business continuity plans kick in and they shift to either workplace recovery centres or increased remote working. Not surprisingly, it has seen a “surge” in demand for laptops.

The British firm is now very much an international player - indeed, the UK is not even its biggest segment anymore. But how did its services business perform in 2019? And how is it shaping up in 2020?

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Posted by Kate Hanaghan at '09:50' - Tagged: results