(Alliance News) - Computacenter PLC on Friday reported a "strong" start to the year, as it continues to expect seasonal trends to return to normal in 2023.
The Hatfield, England-based computer services firm said that the "strong" revenue growth experienced throughout 2022 continued during the first quarter of 2023.
"In Europe, this was based broadly across geographies and industry sectors. In North America, the overall performance of the business was underpinned by demand from two customers," Computacenter explained.
However, it noted that margins in its Services business continued to be "challenging", but the company was satisfied with profit performance in the first quarter.
Looking ahead, Computacenter expects seasonal trends to continue to return to normal in 2023. Based on this, the company said: "we continue to believe that 2023 will be another year of progress with growth in profitability expected in both the first half of 2023 as well as for the year as a whole".
It added that customer demand remains strong despite economic headwinds.
In March, Computacenter said its pretax profit in 2022 ticked up 0.4% to GBP249.0 million from GBP248.0 million in 2021. Revenue increased by 29% to GBP6.47 billion from GBP5.03 billion in 2021.
The company proposed a final dividend of 45.8p, down 7.3% from 49.4p a year earlier. This brings the full year dividend to 67.9p per share, a 2.4% increase from 66.3p per share in 2021.
Computacenter plans to announce its interim results on September 8.
Shares in the company were up 0.1% at 2,286.00 pence each in London on Friday morning.
By Sophie Rose, Alliance News reporter
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