Computacenter raises profit outlook on AI infrastructure demand

Summarised from 2 outlets · Updated 26 Oct, 09:38 · Archive

Technology provider Computacenter has raised its annual profit forecast after reporting record orders amid strong AI infrastructure demand.

Computacenter has raised its annual adjusted pre-tax profit forecast to at least £425 million, up from previous analyst expectations of £387 million. The technology provider reported a record-high backlog of orders worth £12.6 billion at the end of September, compared with £9.3 billion three months earlier, and said it had a strong pipeline of opportunities. Shares in the company rose about 7% on the news.

Third-quarter financial performance exceeded expectations, with revenue from its technology sourcing division growing strongly. The improvement was driven primarily by demand from 'hyperscale and neocloud' customers in North America and the UK, which encompasses Computacenter's work delivering large data centre and AI cloud computing infrastructure projects. The company designs, sources and deploys IT infrastructure including hardware, software, data storage and connectivity for clients worldwide. Computacenter was promoted to the FTSE 100 from the FTSE 250 in June.

How it is being reported

• Computacenter hikes profit outlook as orders grow on AI demandThe stronger performance was primarily driven by ‘hyperscale and neocloud’ customers in North America and the UK.Independent Business · 26 Oct, 09:16
• Computacenter hikes profit outlook as orders grow on AI demandThe stronger performance was primarily driven by ‘hyperscale and neocloud’ customers in North America and the UK.Evening Standard · 26 Oct, 09:16

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