StockMarketWire.com - Computer services provider Computacenter said Wednesday it expected adjusted pre-tax results for the year would be 'marginally ahead' of its expectations following outperformance from acquisitions.

The upbeat outlook comes as group revenue for the year grew by 8%, with the UK, Germany and International segments generating growth of 10%, 8% and 12%, respectively. While in France, growth declined 3%.

Group Services revenue for the year increased by 1%, while group Technology Sourcing rose 11%.

Performance was bolstered by the two businesses acquired in the second half of last year.

Both acquisitions 'collectively outperformed our expectations, particularly with the over performance of our new business in the USA,' the company said. 'Collectively these businesses delivered revenue in excess of £220 million in the fourth quarter.'

'2018 was a record year which has materially outperformed our original expectations. We believe that we will again show financial progress during 2019,' Computacenter said.

'The first half performance in 2018 will create a challenging comparison but positive market momentum, driven by our customers' appetite to invest in digital technology to enhance their business, gives the Board confidence in the future. We will also see a full year contribution from the acquisitions we made in the second half of the year.'


At 9:07am: [LON:CCC] Computacenter PLC share price was +36p at 1054p



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