2 Computacenter

Doug Woodburn
clock • 2 min read

Revenue: £1.76bn (+12%)

Net profit: 3.7%     Staff: 3,922

Computacenter may have lost its Top VARs crown, but it remains by far the largest UK-headquartered VAR/IT services outfit (see p?), with global revenues rising eight per cent to £5.44bn in calendar 2020.

For all Computacenter's globe-trotting antics, it was its 4,000-employee UK operation that brought home the bacon for the Hatfield-based giant last year. It generated a £65.7m net profit on revenues that jumped 12 per cent to £1.76bn on the back of surging demand for remote working solutions (in contrast, Computacenter's larger German operation shrank 2.5 per cent).

Globally, only CDW ($18bn), WWT ($13bn), SHI ($11bn), NTT Ltd ($11bn), Insight ($8bn) and SoftwareONE (CHF 7.9bn) turn over more than this LSE-listed powerhouse, which celebrated 40 years in business in October.

Computacenter continues to expand in its US-based rivals' backyard, with North American sales vaulting 165 per cent to $1.26bn in its H1 2021 on the back of its acquisitions of FusionStorm and Pivot. This propelled Computacenter's total H1 revenues to a record £3.18bn.

Covid impact

Covid-related cost reductions - including lower travel expenses - are helping Computacenter deliver record levels of profits. It saw group pre-tax profits rocket 59 per cent to £115.2m in H1 2021.

The pandemic had a dual impact on its UK top line last year, with booming product sales giving with one hand what lower professional services activity took away with the other. Thankfully, the latter has rebounded in 2021, growing 37 per cent to £75m in H1 as previously delayed projects recommenced. Its technology sourcing business, meanwhile, continues to enjoy some residual demand from Covid (with H1 revenues up 10 per cent to £707m).

"The vast majority of our customers have returned to business as normal and, other than the reduction to our cost base due to the inability to travel and a continued improvement in the utilisation of our technical resources, COVID-19 is now having very little impact on our business," CEO Mike Norris said back in September.

More on Security

Cyberattacks on corporate networks surged by 50 per cent in 2021, research finds

Cyberattacks on corporate networks surged by 50 per cent in 2021, research finds

ISPs and MSPs among those most targeted, with attacks increasing by 67 per cent

Dan Bennett
clock 10 January 2022 • 2 min read
NTT Data announces availability of new global Zero Trust Security service

NTT Data announces availability of new global Zero Trust Security service

The new service comes as a response to the rising number of cyberattacks

Kelsey Rees
clock 30 November 2021 • 2 min read
Partner Content: Making Zero Trust work for your customers

Partner Content: Making Zero Trust work for your customers

Lookout discuss how in a remote-first work environment, organisations require a modern Zero Trust architecture that is intelligent.

Lookout
clock 23 November 2021 • 3 min read

Highlights

'You've got to put budget behind it' - Resellers bosses discuss sustainability goals

'You've got to put budget behind it' - Resellers bosses discuss sustainability goals

Management from DTP Group, Academia, Epson and Consenna give their take on the channel’s role in making the UK more sustainable

Josh Budd
clock 14 January 2022 • 6 min read
Cloud infrastructure spend hit $18.6bn in Q3, IDC claims

Cloud infrastructure spend hit $18.6bn in Q3, IDC claims

The analyst’s figures show pandemic spending was boosted by a spike in investments in cloud services and infrastructure to enable businesses to adapt to hybrid working

Kelsey Rees
clock 14 January 2022 • 2 min read
Sopra Steria CEO resigns as COO takes the helm

Sopra Steria CEO resigns as COO takes the helm

Paris wished to be relieved of his duties for personal and family reasons

Kelsey Rees
clock 14 January 2022 • 2 min read