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(Sharecast News) - Shares in Computacenter jumped on Tuesday after the tech provider said full year earnings would be "significantly ahead" of forecasts after it almost doubled interim profits on the back of a strong performance in North America driven by demand for artificial intelligence-related infrastructure.
Adjusted pre-tax profit for the six months to June 30 rose 87% to £152.4m. Computacenter now expects adjusted earnings to be at least £380m compared with a company compiled consensus of £341m. Shares in the firm were up 5% in early trade.
North America delivered another record performance, with operating profit up 148% in constant currency as hyperscale, neocloud and enterprise customers ramped investment in AIrelated datacentre infrastructure, driving sharp gains in Technology Sourcing.
Customer demand for AI infrastructure remained buoyant, helping Computacenter secure new hyperscale and enterprise wins. Professional Services also expanded strongly, supported by AgreeYa's integration and rising workloads in datacentre deployment and cloud transformation.
The region added 14 major customers yearonyear, including eight from recent acquisitions, with expanded sales capacity enabling further marketshare gains across healthcare, financial services, retail, business services and state government.
Computacenter closed the half with a record £9.3bn committed product order backlog, up 323% yearonyear, reflecting sustained demand for digital infrastructure and strong Technology Sourcing intake across key markets.
North America's backlog surged 414% to £6.94bn, even after heavy project completions, underscoring persistent hyperscale and enterprise demand for AIrelated infrastructure and continued sales momentum.
The UK backlog rose 208% to £1.38bn, supported by large AI datacentre projects and strong enterprise and publicsector orders, keeping nearterm deployment pipelines well stocked.
Reporting by Frank Prenesti for Sharecast.com
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