Computacenter (CCC) Q1 2026 TU earnings summary

Executive summary

• Delivered a strong first quarter, significantly ahead of the prior year and above expectations, driven by robust Technology Sourcing revenue and strong Professional Services growth, especially in North America and the UK.

• North America showed excellent momentum due to record product order backlog and hyperscale customer growth; UK also saw strong Technology Sourcing and AI-related project completions.

• Germany posted solid growth in Technology Sourcing, though Professional Services remained subdued; Western Europe saw a modest improvement.

Financial highlights

• Group Technology Sourcing revenue increased strongly, primarily from hyperscale customers in North America and the UK.

• Group Services revenue rose year-over-year, with Professional Services growth offsetting a decline in Managed Services.

Outlook and guidance

• Committed product order backlog remains strong across all regions, with some customers ordering IT products further in advance due to hardware component shortages.

• Expecting a much stronger first half of 2026 than previously anticipated; full-year results now anticipated to be comfortably ahead of market expectations, assuming no significant external deterioration.

• Analyst consensus for FY 2026 adjusted profit before tax is £291.3m, with a range of £284.5m to £297.1m.

• Continued confidence in long-term growth prospects due to integrated Technology Sourcing and Services model and geographic diversity.