By Aashika Jain
Jan 16 British IT services provider
Computacenter Plc reported a rise in full-year group
revenue that exceeded analysts' estimates, boosted by a strong
demand for its maintenance services in the UK.
Shares in Computacenter, which sells PCs apart from
providing services including software upgrades, rose as much as
4.6 percent on Thursday, making the stock one of the top gainers
on the FTSE-250 index.
Revenue grew 6 percent in 2013, said Computacenter, whose
clients include Lloyds Banking Group, Serco Group
, British Telecom, Deutsche Bank,
WM Morrison and EDF.
That implies revenue of 3.09 billion pounds ($5.05 billion)
for the year ended Dec. 31.
The company also said revenue grew 3 percent excluding the
effect of currency movements, implying revenue of about 3
Analysts on average expected Computacenter to report
full-year revenue of 2.99 billion pounds according to Thomson
Contracts won in the UK in the fourth quarter would boost
growth, the company - UK's largest provider of Microsoft
Windows XP upgrades - said on Thursday.
Computacenter would benefit from corporate budget splurges
on upgrades once Microsoft stops further XP upgrades, Panmure
Gordon & Co analyst George O'Connor told Reuters.
Microsoft said Wednesday that it would cease to support XP
as an operating system from April 8. ()
Computacenter reported full-year revenue from UK increased 8
percent and grew 7 percent in Germany. The countries contribute
more than 40 percent of the company's revenue each.
UK services revenue grew 6 percent.
Shares in the Hertfordshire-based company were up 2 percent
at 658.8 pence at 1314 GMT.