Business
Final Results
Final Results.
About this update from Computacenter Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 6612C Computacenter PLC 10 March 2011 \n \n\nComputacenter plc\nFinal results announcement\nComputacenter plc, the European IT infrastructure services provider, today announces final results for the twelve months ended 31 December 2010.\n\"Another year of strong progress\"\nFINANCIAL HIGHLIGHTS\nUnderlying performance\n· Ongoing^ revenues increased 10.7% to £2.68 billion (2009: £2.42 billion)\n· Adjusted* profit before tax increased 21.8% to £66.1 million (2009: £54.2 million)\n· Adjusted* diluted earnings per share ('EPS') increased 19.1% to 33.0 pence (2009: 27.7 pence)\n· Total dividend for 2010 of 13.2 pence per share (2009: 11.0 pence)\n· Net cash prior to customer specific financing (CSF) was £139.4 million (2009: £86.4 million)\n \nStatutory Performance \n \n· Group revenues increased 6.9% to £2.68 billion (2009: £2.50 billion)\n· Profit before tax increased 35.1% to £65.4 million to (2009: £48.4 million)\n· Diluted EPS increased by 30.9% to 32.6 pence (2009: 24.9 pence)\n· Net cash after CSF of £111.0 million (2009: £37.3 million) \nOPERATING HIGHLIGHTS\n· Revenues improved significantly in all our major geographies\n· Ongoing^ Group product revenue grew markedly, up 12.5% (14.7% in constant currency) as a result of strong customer demand for upgraded and improved IT infrastructure\n· Our Group annual services contract base grew over 7.1% (9.3% in constant currency) to £539.4 million (2009: £503.6 million) in excess of market growth predictions#\n· Our Group-wide ERP project remains on track with a successful migration onto the new platform in Germany\n· On 15 February 2011 we announced, subject to the approval of the French Competition Board, our agreement to acquire Top Info for an initial debt free cash consideration of €21 million\n· Launch of C3Mail, the first in a suite of cloud based offerings\n \n \nMike Norris, Chief Executive of Computacenter pl...