UK's Computacenter H1 revenue surges on North America demand
UK's Computacenter H1 revenue surges on North America demand
Overview
UK technology services provider's H1 revenue rose 71.6% yr/yr, led by North America demand
Adjusted pretax profit and adjusted EPS nearly doubled from a year ago
Outlook
Computacenter expects full-year 2026 adjusted PBT to be no less than £380m
Company cites record product order backlog and strong digital infrastructure demand as outlook drivers
Computacenter expects 2026 capex of £70-75m and adjusted effective tax rate of 28.5%-30.5%
Result Drivers
NORTH AMERICA GROWTH - Record performance in North America, with operating profit more than doubling, driven by demand for AI-related infrastructure and growth with hyperscale, neocloud and enterprise customers
TECHNOLOGY SOURCING DEMAND - Substantial growth in Technology Sourcing revenue, especially for AI and data center infrastructure, led by North America and the UK
PROFESSIONAL SERVICES EXPANSION - Strong organic growth in Professional Services, supported by the AgreeYa acquisition in North America
Company press release: ID:nRSH7571Ta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Adjusted EPS | Beat | 101.9p | GBP 0.97 (2 Analysts) |
H1 EPS |
| 94.7p |
|
H1 Adjusted Pretax Profit | Beat | GBP 152.4 mln | GBP 132.10 mln (2 Analysts) |
H1 Pretax Profit |
| GBP 142.6 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Computacenter PLC is GBp5,250.00, about 6.2% below its September 7 closing price of GBp5,600.00
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)