Services provider Computacenter
is forecasting pre-tax profit of £41.2m for financial 2007.
Net borrowings are expected to be in the region of £30m, including £35m spent
on acquisitions and a £12m share repurchasing programme, says the pre-close
trading statement published today.
Computacenter is showings signs of optimism ahead of what may be challenging
times, said Ovum analyst Kate Hanaghan.
"The company fared better in the second half of 2007 than the equivalent
period in 2006," said Hanaghan.
"Towards the end of the year Computacenter won a number of contracts, meaning
its services contract base is now bigger than a year ago."
Despite the repercussions of the US credit crunch, Computacenter says it is
seeing more investments from the City than in the previous year. But such
optimism should be taken with a pinch of salt, according to Hanaghan.
"While Computacenter so far has not felt the pinch, that does not mean it is
not bracing itself for what might turn out to be an increasingly difficult year
for the industry."
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