Remote Working Helps Computacenter Hit Record High

The Week: IT company has told the stock market that results will be even better than expected, says Morningstar columnist Rodney Hobson

Rodney Hobson 24 July, 2020 | 9:27AM

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In these dark times it is a real joy to comment on a success story. Computacenter (CCC) is certainly having a great coronavirus crisis as figures for the first half of 2020, covering the worst of the shutdown, demonstrate.

We were not due for a trading update until interim results due in September but the technology company, with customers in the public and private sectors, has been forced to alert the stock market to the fact that profits are substantially ahead of the same period last year. While most of the industrial clients have been in hibernation, there has been a surge in demand elsewhere in the client base for IT equipment for home working.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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