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Highlights

  • GBP 348.6 mn free cash flow boosted net funds despite a GBP 200 mn buyback
  • Order backlog jumped nearly 300% YoY, driven by wins in North America and enterprise demand
  • Capex planned to upgrade CRM, ERP, integration centres, and automation systems

Computacenter PLC (LSE: CCC) is an FTSE 250 index-listed UK-based information technology infrastructure and operations services company which operates in the United Kingdom, Germany, France, North America and internationally.

In the financial year 2024 (FY24), CCC reported decent cash performance, with net cash flow from operating activities rising 1.6% year-over-year to GBP 417.1 million, driven by improved working capital discipline. This included a GBP 151.0 million inflow from receivables and payables, as well as GBP 100 million in early customer payments compared to FY23.

Adjusted net funds increased by 5.1% to GBP 482.2 million, even after a GBP 200 million share buyback, reflecting solid free cash generation of GBP 348.6 million.

Profit for the year declined by 13.8% yoy to GBP 171.9 million; however, this was partially offset by GBP 6.7 million in net finance income and a GBP 1.6 million tax credit related to amortisation of acquired intangibles.

Recent Business Update

North America maintained its momentum, supported by an elevated product order backlog carried over from FY24. The UK saw improved growth in Technology Sourcing and solid gains in Professional Services, while Germany delivered a steady performance despite an anticipated decline in public sector activity.

Company Outlook

The Group enters the new financial year with a substantially higher committed product order backlog compared to both FY23 and June 2024. The backlog in the region has increased nearly 300% YoY, driven by significant wins with hyperscale and enterprise customers, providing a good foundation for sustained momentum in FY25. For FY25, approximately GBP35 mn in planned capital expenditure will be allocated to upgrading CRM and ERP platforms, integration centers, and automation infrastructure.

Top 10 Shareholders of CCC

The top 10 shareholders of CCC collectively form ~49.34% of the total shareholdings. Ogden (Sir Peter James) holds the maximum number of shares with ~17.54% shareholding, followed by Hulme (Philip William) with ~7.93% shareholding, as depicted in the chart below: 

Stock Information

The stock of CCC has witnessed a rise of ~14.41% in the last six months but has declined by around 8% in the past year. The stock has a 52-week low and 52-week high of GBX 2,020.00 & GBX 3,016.00, respectively and is currently trading above the average of the 52-week high-low. As of 19 May 2025, the stock’s closing price is GBX 2,540.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 19 May 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.