Shares in Computacenter slipped as much as 2.2% in the opening minutes of trade in London after the technology and services provider posted a near one-third drop in profits.
The Hertfordshire-based business, which offers tech infrastructure and IT strategy services, reported a 11.6% decline in revenue in the first six months of the year to £3.1 billion, while pre-tax profits fell 31.6% to £84 million.
CEO Mike Norris said: “Our performance in the first half largely reflected the expected normalisation of Technology Sourcing volumes against an exceptionally strong comparative.
“In the UK, demand for hardware has been weaker than we expected at the start of the year, with customers exercising greater caution and purchasing decisions taking longer to conclude.
“The H1 result was also impacted by the timing of fulfilment for certain large orders in North America, which moved into H2 and are now being completed.”
This story is being updated; more to follow soon…
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