Computacenter Reports H1 Financial Downturn
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Computacenter Reports H1 Financial Downturn

Computacenter (GB:CCC) has released an update.

Computacenter, a leading technology and services provider, has reported a drop in half-year profits and gross invoiced income due to the normalization of Technology Sourcing volumes. Despite these challenges, the company has expanded its customer base in North America, adding seven ‘podium’ customers, and maintains a robust balance sheet with increased net funds, which supports a significant £200m share buyback program. Looking ahead, Computacenter anticipates stronger momentum in the second half of the year, underpinned by a substantial product order backlog.

For further insights into GB:CCC stock, check out TipRanks’ Stock Analysis page.

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