Computacenter is feeling confident for the second half of the year, after posting better than expected results for its H1 financials.
For the six months ending 30 June, the VAR posted a turnover of £1.16bn, compared to £1.11bn in 2006. Operating profits stood at £12.8m compared to £11.4m in 2006.
Both the French and German subsidiaries showed signs of improvement according to the firm’s trading statement, but the UK was suffering from continuing price erosion and the loss of some key contracts.
Mike Norris, chief executive of Computacenter, told CRN: “We are often a reflection of the UK market. There is less government spend, but financial services are still strong. Overall the results were pretty good.”
Norris said the Allnet and Digica acquisitions were progressing, and the firm expects to reap the benefits in future quarters.
He added the firm is still open to acquisitions, but has none in the pipeline for the immediate future.
“I would be surprised if we did anything in the second half of the year. It is highly unlikely,” he said.
Computacenter sees profit increase