The profit guideline, for the fourth quarter, by the Britain-based IT services firm beat analysts’ expectation despite being hurt by weaknesses in the domestic market because of Brexit.
On Monday, Computacenter Plc, an IT services firm, stated that its adjusted pretax results are likely to beat analysts’ expectations.
This latest raising of its earning guidance is the fourth in the last year comes on the backbone of its clients across Germany, France and the UK investing in IT infrastructure, including digitalization.
However, Computacenter disclosed a number of one-off costs and investments are likely to impact its performance and hold back profitability “enhancement”; nevertheless it expects 2018 to be a year of “one of stable profitability”.
In an earlier statement, Computacenter had stated that its 2017 performance would be “comfortably in excess” of market expectations; in August 2017 it had said it expects its profits to be “marginally ahead”.
Analysts expects its 2017 pretax profit to rise to $142.79 million (102.8 million pounds). In comparison, its 2016 profit was 86.4 million pounds.
Computacenter’s shares were up by 2% at 0812 GMT.