Computacenter delivers double-digit FY revenue and profit growth

Computer services provider Computacenter said on Wednesday that it had delivered double-digit revenue and profit growth in 2021, leading the group to hike its full-year dividend.

Computacenter said full-year revenues were 23.6% higher at £6.72bn, while adjusted pre-tax profits were 27.5% stronger at £255.6m. Diluted earnings per share shot up 20.3% to 160.9p.

The FTSE 250-listed firm, which credited its improved performance to the "consistent implementation" of its strategy and focusing on the long-term consequences of its decisions, also opted to raise its full-year dividend per share by 30.8% to 66.3p.

Cash and equivalents slipped from £309.8m to £273.2m, while net funds increased from £51.1m to £95.3m.

Chief executive Mike Norris said: "Given the profile of our profitability in 2021, we have a more challenging comparison in the first half of 2022 compared to the second, due to the fact that an abnormally high percentage of our profits came in the first half of the year.

"As a business, we feel as confident as we have ever been about our target market, competitive position and investment strategy, and we look forward to the future in 2022 and beyond with enthusiasm and excitement."