Interim Results for six months ended
30 June 2000
[Click here to download the Interim Report (unaudited). Click here to download the full Interim Report.]
Computacenter plc, the UK's largest company specialising in the provision of distributed information technology and related services to large corporate and public sector organisations, today announces interim results for the six months ended 30th June 2000.
Highlights
- Group turnover increased 2.4% to £926.7 million (1999: £ 904.8 million)
- Profit before tax, before investment in Biomni, £21.2 million (1999: £ 40.7 million)
- Continued strong cash generation
- Earnings per share (diluted) 7.1p (1999: 14.6p)
- Earnings per share (diluted) excluding impact of Biomni, 7.8p
- Increased service utilisation in the second quarter
- Significant contract wins in the first half
Commenting on the results, Chief Executive Mike Norris said:
"The first half of the year was a challenging one for Computacenter. The market was slower to recover than we originally anticipated and a reduction in project work meant lower levels of services billings. Despite this, we have continued to invest in developing the business and extending the range of services provided to our existing customers, as well as winning some significant new accounts across Europe.
"We remain confident that, for the remainder of 2000, both product and services revenues will continue to grow as customers increase their investments in e-business and accelerate deployment of Microsoft Windows 2000. The Group will continue to invest to ensure we are well positioned to take advantage of changing customer needs and future demands."
For further information:
| Computacenter Plc |
07801 452854 |
| Mike Norris, Chief Executive |
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| Phil Williams, Investor Relations |
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| Tulcan Communications |
0207 353 4200 |
| Julie Foster |
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