
But posts OK results
Published: 6 September 2002 12:15 GMT
Computacenter has warned the IT market is still showing no signs of recovery, while posting slightly better than expected half yearly results.
For the six months ending 30 June, the UK reseller and services outfit made a profit of £24.4m on turnover of £975m. That was down on the £29.3m it made in the same period last year but still up on expectations.
Its UK Managed Services contract base has grown 32.3 per cent since start of the year, while its UK Professional Services revenues were up nearly 20 per cent. Disappointingly, revenues from UK product reselling were down 20.3 per cent.
Ron Sandler, chairman of Computacenter Plc, said in a statement: "Computacenter performed well in difficult trading conditions, delivering a set of results slightly ahead of market expectations. While a further deterioration in market conditions is unlikely, we are not yet detecting any signs of an upturn."
He added: "If current conditions continue, we expect profit performance for the full year to be similar to the £51.1m achieved last year, with any profit growth being dependent upon an improvement in the market."
The City has not reacted favourably to the news. Yesterday, Computacenter shares closed down seven per cent.
Following a briefing with City analysts, Mike Norris, Computacenter's chief executive, angrily told the Guardian: "This is the ninth time I have given a set of results to the City and it is the first time that I have been angry. I just think what the hell have you got to do?"
Turnover of almost 10million. Currently working at a reseller. The Business Development Manager will be set a target of between 20K and 30K gross ...
Bens COMPANY INFORMATION - This is a privately held company with a turnover of 25million. ROLE INFORMATION - Established since 1990 and with a ...
Achieved year on year profit and a turnover of million in 2008, they are re-investing into R&D to deliver the next generation of audio products. GCS ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Data Protection Strategies: Deduplication for More Efficient Backups
Dell PowerVault DL2100 Powered by CommVault - Spec Sheet
True Convergence Demands a Communication Service Provider that Embraces a Customer-Centric...
Learn how Performance Metrics for Telcomm Expense Management Drive new ROIs and SLAs
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Peter Cochrane Peter Cochrane's Blog: Can I become faster and smarter? We could all use a little more help from our machines
Mark Crichard Doing business with citizen developers: Beware the legal pitfalls Legal Eye: Make sure your business is protected from potential hazards