Computacenter plc (LON:CCC), a trusted independent technology partner for large corporate and public sector organizations, has announced a trading update for the first quarter to 31 March 2023. The unaudited financial information reveals that the Group’s strong revenue growth throughout 2022 continued in Q1 2023.
Overview of Performance
The Group experienced significant revenue growth across geographies and industry sectors in Europe. In North America, the business performed well, mainly due to demand from two major customers. The overall performance in the first quarter of the year is deemed satisfactory.
While the Services business continues to face challenging margins, the Group remains pleased with its profitability performance in the first quarter.
Group Outlook
The business anticipates the seasonal trends of previous years to continue throughout 2023. Despite economic headwinds, the demand from customers for IT systems to remain current, supported, and secure remains strong. Therefore, the Group expects another year of progress with growth in profitability expected in both the first half of 2023 and for the year as a whole.
The Group believes that it has much to accomplish, but it is confident in its ability to deliver on expectations. The next scheduled trading update for Computercenter Plc will be the announcement of the Interim Results on Friday, 8 September 2023.
Key Takeaways
- Computacenter plc announced an unaudited trading update for Q1 2023.
- The Group continued to experience strong revenue growth, which was broadly based across geographies and industry sectors in Europe.
- The overall business performance in the first quarter was satisfactory.
- The Group expects another year of progress with growth in profitability anticipated in both the first half of 2023 and for the year as a whole.
- The next scheduled trading update is the announcement of the Interim Results on Friday, 8 September 2023.
