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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
IT infrastructure supplier and reseller Computacenter (CCC) has seen its shares rise 30% over the past two months.
The trigger for the rally was the publication of half-year results on 7 September which saw Computacenter report 13.9% growth in adjusted pre-tax profit to £122.8 million and strong cash generation. Chief executive Mike Norris even said: ‘We are as excited and optimistic about the future as we have ever been.’
Norris was hopeful for the rest of the year and 2024 and expects the adoption of Windows 11 to gain momentum and drive increased demand for new hardware, as customers upgrade their systems.
Berenberg analysts said in a research note they ‘remain as bullish as ever’ on the company’s outlook. They added: ‘Not only do we think its relative positioning versus other resellers is favourable given its large and resilient enterprise customer set, but we believe the company’s almost inevitable cash return to be announced this year will allow for it to move earnings per share more than 10% higher on a 12-month view.’
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The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.