tiprankstipranks
Computacenter Reports Record H2 Performance Amid Challenging Market
Company Announcements

Computacenter Reports Record H2 Performance Amid Challenging Market

Story Highlights

Invest with Confidence:

Computacenter ( (GB:CCC) ) has issued an announcement.

Computacenter reported a challenging market backdrop in 2024, with a marginal revenue increase on a constant currency basis, driven by a strong performance in the second half of the year. The company achieved its most profitable half-year in history, despite some project delays in the US and UK. The completion of a £200m share buyback program and a strong cash position at year-end were noted. Looking forward, Computacenter anticipates continued progress in 2025, despite potential macroeconomic challenges in Europe and tax increases in the UK.

More about Computacenter

Computacenter is a leading independent technology and services provider, serving large corporate and public sector organizations. The company focuses on helping customers source, transform, and manage their technology infrastructure to facilitate digital transformation. Computacenter is listed on the London FTSE 250 and employs over 20,000 people worldwide.

YTD Price Performance: -0.56%

Average Trading Volume: 322,660

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.21B

Learn more about CCC stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App