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Computerland UK upbeat (but cautious)

For a change

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Computerland UK today reported that Q1 profits were up on the same period last year. In a trading statement read out at the corporate reseller's AGM, it announced "good year on year growth".

But product sales are lower than last year "due to the
general weakness in the market for IT hardware".

Computerland is confident that strong services biz will produce a satisfactory trading outcome to the year - "provided there is no significant further deterioration in the market for IT hardware".

That's a big caveat. Still it makes a pleasant change to hear an upbeat statement from Computerland. The Nottingham-based has been trying to wean itself away from dependence on commodity hardware and software sales for a few years. But this is proving to be a long, hard struggle - profit warnings were issued in March and November 1999 - and then again in April 2001. ®

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