Market News

Computacenter Q3 revenues down 3%

31/10/2018 07:36

(Sharecast News) - Overall third quarter group revenue at Computacenter fell 3% year-on-year to £900m, due to a "significantly more challenging comparison", the company said on Wednesday. Group Services revenue grew by 1% in constant currency during leading to a year-to-date growth of 1% in constant currency. Group Technology Sourcing revenue fell by 5% during the quarter leading to a year-to-date growth of 14%, both in constant currency. The UK saw a decline in overall revenue of 9% to £296m leading to a year-to-date increase of 17%. "Our expectation for the fourth quarter is for improved growth before acquisitions but not to the levels seen in the first half of the year," the company said. "The outlook for the group's trading result for the whole of 2018 remains in line with the board's expectations."

Investors should be aware that past performance is not a reliable indicator of future results and that the price of shares and other investments, may fall as well as rise and the amount realised may be less than the original sum invested.


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