Computacenter claims Q1 bounce back
Easter timing resurrects figures
Computacenter results for the first quarter of 2009 showed a real improvement on the same period last year, although revenues did fall slightly.
The company admitted that figures were skewed by the timing of Easter and a particularly poor quarter in 2008.
Revenues fell one per cent to £602.4m or eight per cent down on a constant currency basis. Hardware sales were hit by companies cutting budgets but services performed well.
Continuing restructuring will result in a one-off £5m charge in 2009.
UK sales were down 12 per cent but growth in services revenue, and cost cutting, meant profits were just ahead of last year.
German revenues were also up some 16 per cent to £218.9m, down one per cent on constant currency. But money from services was up 22 per cent and profits improved.
It looks like the troubled French division might be finally turning the corner too - revenues were up eight per cent to £69.8m and services revenue grew by a quarter, while operating losses have been cut significantly.
The full statement is here.
The reseller will release interim results 9 July. ®