Computacenter plc (LON:CCC), a leading independent technology and services provider, has published a trading update, based on unaudited financial information, for the first quarter to 31 March 2026.
Overview
The Group delivered a strong performance during the first quarter, which was significantly ahead of the prior year and well above our expectations. Group Technology Sourcing revenue increased particularly strongly, primarily driven by hyperscale customers in both North America and the UK. Group Services revenue was also ahead of last year reflecting strong organic growth in Professional Services, also driven by North America, offsetting a decline in Managed Services revenue.
By region, North America continued its strong momentum and delivered an excellent first quarter, reflecting the record product order backlog position at the end of 2025 and stronger than expected hyperscale customer volume growth, benefiting both Technology Sourcing and Professional Services. The UK also achieved excellent growth in Technology Sourcing, including AI-related project completions and further strong growth in Professional Services. Germany delivered a solid performance against last year reflecting good growth in Technology Sourcing with Professional Services remaining subdued so far this year. Western Europe1 delivered a small improvement over the prior year.
Group outlook
At the end of the quarter our committed product order backlog across all regions remained strong, reflecting good order intake during the quarter, with some customers ordering IT product further in advance than usual to secure supply, given hardware component shortages currently affecting the IT industry.
Looking to 2026, we now expect to deliver a much stronger performance in the first half of the year than previously anticipated. For the full year, we remain mindful of the uncertain macroeconomic and geopolitical environment and a tougher comparative in the second half of the year. However, after a strong start to the year and assuming no significant deterioration to the external backdrop, we now anticipate delivering full-year results comfortably ahead of market expectations2.
Looking further ahead, the combination of the strength of our integrated Technology Sourcing and Services model and our geographic diversity, gives us continued confidence in our long-term growth prospects.
Our next scheduled trading update is the announcement of our Half Year Results on 8 September 2026
Footnotes:
1 Western Europe consists of France, Belgium, the Netherlands and Switzerland.
2 Company compiled analyst consensus for FY 2026 adjusted profit before tax is £291.3m with a range of £284.5m to £297.1m.
