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Great Stan of resellers shows off its financials

Another stonking year for Computacenter – it’ll be trebles all round at Babooshka tonight

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Computacenter has reported turnover and pre-tax profit growth in the UK for the sixteenth consecutive year. The reseller giant today recorded preliminary results showing turnover up 39.9 per cent to £1.6 billion. Pre-tax profit rose 37.2 per cent to £64.6 million for the year ended 31 December 1998. The UK company’s earnings per share leapt 30.4 per cent to 27 pence. Dividend was 2.5 pence per share, up 0.5 pence on the same period the previous year. Philip Hulme, Computacenter chairman, said: "The growth of the group in 1998 was significantly in excess of market growth. This was the result of our continued focus on expanding the range of services offered to our existing customers, new account wins and the outstanding performance of our overseas operations." Mike Norris, Computacenter CEO, said the company would continue to grow its e-commerce system, On-Trac. Orders taken and processed via on-Trac exceeded £284 million during 1998, with over 400 customers using it, according to a Norris. The reseller said it would continue to increase investment in each of its three subsidiaries abroad. "The euro, the growth of e-commerce applications and the approach of Microsoft’s Windows 2000 operating system will all be increasingly important growth drivers for our business over the coming year," said Norris. ®

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