Computacenter (LSE:CCC) has raised its expectations for 2026 following a notably strong first-quarter performance, with results significantly ahead of both the prior year and internal forecasts. The momentum was driven by robust demand in its Technology Sourcing division, particularly from hyperscale customers in North America and the UK, alongside solid growth in Professional Services.
Although Managed Services revenue declined, regional performance remained encouraging overall. North America and the UK delivered standout growth, Germany recorded a solid contribution, and Western Europe showed modest improvement. A strong backlog of committed product orders—partly supported by customers bringing forward purchases due to hardware component shortages—also underpinned the quarter’s results.
Management now anticipates a much stronger first half than previously expected and, assuming no major deterioration in macroeconomic or geopolitical conditions, believes full-year performance will come in comfortably ahead of current market forecasts. The company highlighted that its combined Technology Sourcing and Services offering, along with its geographic diversification, continues to support long-term growth and reinforce its competitive position, even as comparisons become more challenging in the second half.
From an outlook perspective, Computacenter benefits from solid financial fundamentals, including strong revenue growth and low leverage. However, margin pressure seen in 2025 and comparatively weaker cash flow versus the prior year remain considerations. Market indicators suggest some near-term caution, with the share price trading below shorter-term moving averages, while valuation appears balanced and supported by a steady dividend yield.
More about Computacenter
Computacenter is a leading independent provider of IT infrastructure and services, supporting large corporate and public sector clients. The company delivers technology sourcing, digital transformation, and infrastructure management solutions across its core markets in the UK, North America, Germany, and Western Europe. Listed on the London Stock Exchange and a member of the FTSE 250, Computacenter employs over 21,000 people globally.
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