Computacenter (LON:CCC) Full Year 2023 Results

Key Financial Results

• Revenue: UK￡6.92b (up 7.0% from FY 2022).

• Net income: UK￡197.6m (up 8.1% from FY 2022).

• Profit margin: 2.9% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue.

• EPS: UK￡1.75 (up from UK￡1.62 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Computacenter EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 2.9%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of UK￡2.70b (39% of total revenue). Notably, cost of sales worth UK￡5.88b amounted to 85% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to UK￡783.3m (93% of total expenses). Explore how CCC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in the United Kingdom.

Performance of the British IT industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Computacenter you should know about.

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