Computacenter on track for record FY revenue and profit
By Michele Maatouk
Date: Friday 29 Oct 2021
(Sharecast News) - Computacenter said on Friday that it was on course to deliver record revenue, profit and earning per share for the full year after the third quarter ended "marginally above" its expectations.
The company said it entered the fourth quarter with strong backlogs in both Services and Technology Sourcing.
The Technology Sourcing backlog is at record levels due to strong underlying demand, vendor product supply constraints and customers placing advance orders to mitigate the risk of product shortages.
Computacenter also said that product supply shortages are not as severe as some market predictions, although they are affecting the timing of revenue bookings, and increasing inventory levels, as it waits for components to complete orders.
"Without these constraints our expected record performance would be even stronger," it said.
The company's pre-close trading update is due in January.
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