Do you like Tech stocks? UK Tech stocks? I think I do, and in so doing I took a fresh look at CCC today, and noted:
Overall revenue up 27% to 931 million 3rd Qtr 2017
Computacenter plc - provider of IT infrastructure services published impressive trading update for the third quarter 2017.
Figures below are based on unaudited financial information for the nine months to 30th September 2017 ("year-to-date").
Financial Performance
Overall revenue for the third quarter was up 27% to 931 million (2016: 735 million) on an as reported basis, and up 20% in constant currency. Year-to-date revenue grew by 18% on an as reported basis, and increased by 12% in constant currency.
UK
growing slightly slower than the Group as a whole, results in the third quarter overall revenue growth of 8% to 335 million (2016: 310 million),
Germany
German revenue grew in the third quarter by 26% in constant currency and by 40% on an as reported basis to 453.0 million (2016: 325 million)
France
French revenue grew in the third quarter by 34% in constant currency and by 48% on an as reported basis to 127 million (2016: 86 million),
Financial Position
At 30 September 2017, Group net funds were 151.5 million. This is up by approximately 54.5 million on an as reported basis and by 53.3 million in constant currency against the same period last year.
CCC says it remains on track to complete the return of value of approximately 100 million in the fourth quarter of 2017
New technologies, digitalisation and customers' appetite to invest is buoyant.
Stock is just 9% shy of its YTD high, but has grown 23% (52w).
SP Style = Balanced, Mid Cap, Super Stock.
Perhaps there are better choices.....
