Computacenter (LSE:CCC) has upgraded its profit outlook following a stronger-than-expected second quarter, building on an impressive start to 2026. The technology services group now expects adjusted profit before tax for the first half of the year to be approximately twice the level reported during the weaker comparative period in 2025, supported by robust demand for technology sourcing and professional services.
Performance was particularly strong in North America, where business with hyperscale customers exceeded expectations, while the UK delivered an excellent contribution through technology sourcing activity, including projects linked to artificial intelligence. The company also reported a significantly higher committed product order backlog at the halfway stage of the year. Although the second half will face more demanding year-on-year comparisons, Computacenter said it still expects full-year 2026 results to be comfortably ahead of current market forecasts.
Computacenter’s outlook continues to be underpinned by a strong balance sheet with relatively low leverage and healthy revenue growth. However, this is partly offset by weaker profitability and cash flow recorded during 2025. Technical indicators remain supportive following sustained share price momentum, although overbought signals suggest the potential for some near-term volatility. Valuation appears broadly balanced, with a price-to-earnings ratio of around 20 and a dividend yield of approximately 1.85%.
More about Computacenter
Computacenter is a leading independent provider of technology infrastructure, digital transformation and managed services for large corporate and public sector organisations. Listed on the London Stock Exchange and a constituent of the FTSE 100, the company employs more than 21,000 people globally and helps customers procure, deploy and manage technology solutions that support long-term digital transformation and operational efficiency.
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