UK's Computacenter top loser on FTMC after reporting weak H1

Computacenter

09/09/2024 08:33

** Shares of British technology and services provider
Computacenter  CCC.L  down about 4% at 2,484p
    ** Stock is the top loser on FTSE midcap  .FTMC  index
    ** Total revenue in H1 fell 13.4% to 3.1 million pounds 
($4.06 million)
    ** HY adjusted pretax profit fell 28.4%, partly due to soft
UK market conditions and expected normalisation of technology
sourcing volumes
    ** Co expects stronger momentum in the second half of the
year
    ** "While the headlines are clearly soft (though not
entirely unexpected), beneath the surface we see encouraging
signs of strategic progress," said Jefferies analysts
    ** CCC down about 11% YTD




($1 = 0.7636 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))