UK's Computacenter raises profit forecast for fourth time this year, shares rise
UK's Computacenter raises profit forecast for fourth time this year, shares rise Oct 26 (Reuters) - British technology services provider Computacenter CCC.L on Monday forecast annual profit above market expectations for the fourth time this year, driven by steady demand from AI data centre customers in North America and the UK, sending its shares up 6.3%.
Here are some details:
The company expects to report no less than £425 million ($567.67 million) in fiscal 2026 adjusted pretax profit, well above a company-compiled analyst consensus of £387.1 million
Third-quarter performance was also ahead of expectations, the group said, building on a strong first-half performance
At the third quarter ended September 30, committed product order backlog stood at £12.6 billion, up from £9.3 billion at the end of June
The group's technology sourcing revenue in the quarter was driven by hyperscale and neocloud customers in North America and the UK, the company said
Shares of the company have risen 56.7% so far this year, as of Friday's close
($1 = 0.7487 pounds)
(Reporting by Simone Lobo in Bengaluru; Editing by Sonia Cheema)
((Simone.Lobo@thomsonreuters.com, +919920570373))
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