![]() However, we remain on track to deliver our stated expectations of profit growth for the year as a whole,” he said. “As we have predicted and announced on multiple occasions, profitability for Computacenter was down in the first half of 2022 compared to the same period last year. Mike Norris, chief executive of Computacenter, said it had anticipated profits being down, but there were reasons to look into the second half with positivity. France also saw a return to growth in the technology sourcing business as customer demand picked up and margins improved, with some users investing in server racks installations.Ī theme of recent results has been the success of Computacenter’s US business, and again that was a feature, with the territory delivering revenue growth of 48.3%. ![]() Germany was a plus point, with a revenue increase of 10.2% and both technology sourcing and managed services in demand. Higher-margin datacentre business was up in the UK, but not enough to offset some of the decreases elsewhere and the firm also saw its gross margin income hit by increases in low-margin software and resold services. Unbalanced demand was the main issue in the UK, with a revenue decrease of 7.1% in the period as demand, particularly for workplace roll-outs delivered by the technology sourcing business declined. The channel player’s financial update revealed that revenue had grown by 16.6% to £2.84bn, and adjusted profit before tax was down by 5.9% at £111.9m. However, some scheduled events run to a predestined timetable, and so it has been with Computacenter’s interim results for the six months ended 30 June 2022.
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