Computacenter (LON:CCC) Delivers Solid H1 2025 Results, North America Drives Growth

Computacenter (LON:CCC) shares surged more than 6% on Tuesday after the company released its unaudited half-year results for the six months ended June 30, 2025, showcasing robust growth in key areas despite macroeconomic headwinds.

The technology and services provider reported a 28.5% increase in revenue, driven by strong performance in Technology Sourcing and Services.

Revenue reached £3.99 billion, a substantial increase from £3.10 billion in H1 2024. Technology Sourcing revenue saw a significant surge of 37.8%, climbing to £3.18 billion. Services revenue experienced a more modest increase of 1.5%, totaling £808.8 million.

Gross profit increased by 6.8% to £504.2 million, although the gross margin decreased by 257 basis points to 12.6%.

Adjusted operating profit edged up by 1.2% to £82.1 million, while adjusted profit before tax decreased by 6.5% to £81.5 million. Adjusted diluted earnings per share also saw a decline of 4.5%, settling at 52.5p.

The company's board approved an interim dividend increase of 1.3% to 23.6p per share. Net cash outflow from operating activities was £(165.8) million, a stark contrast to the £1.4 million inflow in H1 2024.

The company's strategic focus on expanding its major customer base is bearing fruit, with a net addition of 14 customers generating over £1 million of gross profit annually since June 30, 2024. Computacenter now has a total of 197 major customers.

CEO Mike Norris stated, “We executed well during the first half delivering growth in both Technology Sourcing and Services against a backdrop of significant macroeconomic and political uncertainty. Furthermore, we have significantly expanded our base of major customers over the past year, reinforcing our resilience and positioning ourselves for sustainable growth.”

Looking ahead, the company said it has a “healthy committed product order backlog comfortably ahead of the equivalent period last year and has made a strong start to Q3, especially in North America.”

The firm acknowledged the broader geopolitical and macro uncertainty, which is expected to persist, but added that it anticipates “some recovery in public sector activity in Germany in the second half, while France is expected to remain challenging.”

Overall, CCC continues to expect full-year adjusted operating profit in FY 2025 to be ahead of the prior year, including an adverse approximately £4 million currency translation impact.