Computacenter posts double-digit revenue and profit growth for the year

IT service provider Computer center said on Wednesday it had recorded double-digit revenue and profit growth in 2021, leading the group to increase its full-year dividend.

Computacenter said annual revenue was 23.6% higher at £6.72 billion, while adjusted pre-tax profits were 27.5% higher at £255.6 million. Diluted earnings per share jumped 20.3% to 160.9p.

The FTSE 250-listed company, which attributes its best performance to the “consistent implementation” of its strategy and focus on the long-term consequences of its decisions, has also chosen to increase its annual dividend per share by 30, 8% to 66.3p. .

Cash and cash equivalents increased from £309.8m to £273.2m, while net funds increased from £51.1m to £95.3m.

Chief Executive Mike Norris said: “Given the profile of our profitability in 2021, we have a more difficult comparison in the first half of 2022 compared to the second, due to the fact that an abnormally high percentage of our profits came in the first half of the year.

“As a company, we are more confident than ever about our target market, our competitive position and our investment strategy, and we look to the future in 2022 and beyond with enthusiasm and excitement.”