Never miss an issue of Master Investor Magazine – sign-up now for free!
FTSE 250 IT infrastructure services provider Computacenter (LON:CCC) saw revenues drop by 3% to £900 million during the third quarter with most of the decline coming from the UK and French markets. In Germany and the rest of the world, revenues continued to move upwards with a notable 13% growth rate achieved in international income.
Management attributed the decline to tough comparatives from last year, but said that they believe that fourth quarter and full year results should meet market forecasts. However, investors were doubtful and shares in the company sank by 12.42% to 1,100p (as of 14:10 GMT).