Computacenter returns £75m to shareholders
Steady as she goes
Computacenter today confirmed that it is returning £75m to shareholders this quarter. The reseller giant had already announced its intention to do this, but added the caveat that this was subject to the resolution of various tax matters. These have now be resolved satisfactorily.
Computacenter also provided the City with a trading update, proclaiming a "satisfactory overall first quarter result", with a sales bounceback in March.
On 14 March, the company had noted that sales for the first two months of 2006 were down compared with the same time last year. But it also "drew attention to the fact that in recent years, our sales have become increasingly weighted towards the end of each quarter, such that trading in the early weeks of the quarter now provides a less reliable indicator of performance for the period as a whole". ®