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17 Oct 2008
Infrastructure and services giant Computacenter has posted a six per cent growth in third quarter group turnover, despite challenging market conditions.
The corporate VAR, which issued an interim management statement today, also saw UK sales increase by two per cent in the to £310m for the quarter, with operating profit up as well.
Computacenter’s German division also saw a four per cent increase for the quarter, but turnover in France dropped 19 per cent.
Further reading
In a statement the firm said: “We are pleased with the performance of the business in Q3. While we have not been immune from current economic difficulties it has to date been isolated to a few specific customers and has not had a material effect on the business as a whole.”
The statement also picked out a bad debt of £1.2m following the “bankruptcy of a major financial services client”.
Looking ahead the VAR was cautious but optimistic:
“While the fourth quarter is always the most important period of the year for us and there is much uncertainty in the marketplace, we take a great deal of encouragement and confidence from the performance of the business throughout the last two quarters,” the statement said.
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