Services fuel UK revenue jump at Computacenter

London-listed outfit's UK sales rise 12 per cent in Q3 as it continues to pull in new services contracts

Computacenter posted double-digit growth in the UK in its fiscal third quarter on the back of strong services growth.

According to an interim management statement, the reseller and services giant saw revenue for the three months to 30 September inch up one per cent to £656m on an annual comparison. Due to the weakened euro, that growth rises to six per cent when expressed in local currencies.

The UK shone for the London-listed firm as revenue on its home turf pogoed 12 per cent to £265m.

UK services growth hit 18 per cent as Computacenter continued to rake in new contracts, while UK "supply chain" (aka product) revenue rose nine per cent, albeit against a weak comparable quarter last year.

Computacenter's continental European operations fared less well, as German and French revenue was flat and rose seven per cent in local currencies respectively.

Computacenter said the results were broadly in line with expectations.

"While the costs being incurred remediating our new contracts in Germany are likely to be higher than we previously expected, these costs are expected to be largely offset by a stronger performance in other parts of the business, particularly in the UK," it said in a statement.

"Looking to 2013 and beyond, the momentum we have built up in the UK, particularly within our services business, is highly encouraging."