Highlights

  • Computacenter reported a 28.5% year-on-year revenue increase in H1 FY25, driven by Technology Sourcing demand.
  • Gross profit rose to GBP 504.2 million, reflecting higher sales volumes despite margin pressure.
  • Profit for the period declined 13.7% year-on-year due to higher costs and currency headwinds.
  • The company expects full-year profit growth, supported by order backlog and regional performance trends.

Computacenter PLC (LSE:CCC) is a UK-headquartered IT infrastructure and operations services provider, listed on the FTSE 250 Index, with operations spanning the UK, Germany, France, North America, and other international markets.

Financial Performance

During H1 FY25, the company delivered a favourable top-line performance, supported primarily by higher activity in its Technology Sourcing division. Revenue rose to GBP 3,988.8 million in H1 FY25 from GBP 3,103.8 million in H1 FY24, representing a year-on-year increase of 28.5%. This growth was largely driven by increased demand for AI-led infrastructure projects, particularly from North American hyperscale clients.

Gross profit for the period increased to GBP 504.2 million in FY25, up 6.8% from GBP 472.2 million in the prior-year period. The improvement reflects higher overall sales volumes, although the gross margin percentage declined, indicating some pressure from product mix and pricing dynamics.

Despite the growth in revenue and gross profit, profit for the period declined to GBP 50.5 million in FY25 from GBP 58.5 million in H1 FY24, a decrease of 13.7%. This reduction was primarily due to higher administrative expenses and the impact of adverse currency movements, which more than offset the gains at the gross profit level.

From an efficiency and working capital perspective, performance indicators showed improvement. The asset turnover ratio increased to 1.24x in H1 FY25, compared with 1.03x in H1 FY24, highlighting better utilisation of assets and improved operational execution. In addition, cash cycle days reduced to 96.6 days from 112.5 days a year earlier, reflecting faster inventory movement and more efficient cash management.

Overall, the first half performance demonstrates favourable revenue momentum and improved operational efficiency, alongside margin and cost pressures that weighed on profitability during the period.

Company Outlook

Computacenter expects its full‑year profits to rise, backed by order backlog and favourable performance in the third quarter. The company anticipates that an improving market in Germany and continued momentum in North America will help counterbalance ongoing pressures in France and the impact of unfavourable currency movements.

Top 10 Shareholders

The top 10 shareholders collectively own about ~55.80% of the company's total shares. Jethou Holding Co Ltd and Hulme (Philip William) hold a maximum stake in the company at ~17.54% and ~7.69%, respectively.

Stock Information

CCC has moved up by ~12.71% in the last 1 week while posting a gain of approximately 15.22% over the last three months. The stock has a 52-week high and 52-week low of GBX 3410.00 and GBX 2062.00, respectively, and is currently trading above the average of 52-week high-low level.

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 30 January 2026. 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.