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Windows upgrade boon for Computacenter
Analysts believe we are entering a two year Windows software upgrade cycle that could act as a boon for IT services supplier Computacenter (CCC).
The FTSE 250 company supplies and manages PCs, laptops and IT applications for hundreds of businesses in the UK and across Europe.
Analysts at investment bank Stifel believe many organisations have been slow to update IT systems to Microsoft’s latest Windows 10 version as they try to milk best value from existing systems. This is likely to change as the US software giant turns off support for older versions, particularly Windows 7.
Computacenter, which trades on a forward price-to-earnings multiple of 19.4 at £14.20, has a reputation as a total returns investment story, including the use of surplus cash to pay special dividends. Its last special payout of 83p per share was actioned in January 2018. (SF)