Never miss an issue of Master Investor Magazine – sign-up now for free!
The share price of FTSE 250 IT infrastructure outfit Computacenter (LON:CCC) rose by 5.87% to 1,077.25p (as of 10:20 GMT) after the company outperformed expectations to deliver record revenues. Management also announced that adjusted pre-tax profits for the year ended 31st December will be marginally ahead of the already upgraded forecasts.
The firm said that it expects trading to improve further during 2019, but tempered expectations by saying that the first half of 2018 presented a very tough comparative for the next six months. The acquisitions made during the second half of 2018 will have their first full year within the group in 2019.