StockMarketWire.com - Computacenter said its first quarter revenue increased by 23%, and by 21% in constant currency, underpinned by better-than-expected revenue from its supply chain segment.

Group services revenue increased by 2% and remained flat in constant currency, while group supply chain revenue increased by 33% and by 31% in constant currency.

The company said the upbeat revenue performance was 'flattered' by a one-off software licence sale in the UK of £34.1m which, whilst profitable, diluted group margins.

Excluding this one-off deal, first-quarter group revenues were up 19% and by 17% in constant currency.

Revenue in the UK and Germany rose while revenue in France was flat weighed by softer supply chain revenue.

The firm said it expects that 2018 will likely be a year of further progress in profitability as well as earnings per share.

'We do not see any obvious reason why the current positive market conditions for Computacenter should not continue in the near term,' the firm said. Story provided by StockMarketWire.com