Computacenter maintains a diversified service portfolio spanning Technology Sourcing, Workplace Solutions, Applications & Data, Cloud & Data Center, and Security offerings. The company is leveraging strong AI-related infrastructure demand, particularly in North America, while managing margin pressure from increased lower-margin hardware volumes. Recent acquisitions including AgreeYa Solutions demonstrate commitment to expanding managed services and consulting capabilities.
Cyborg Score Rationale
Strong revenue growth (32% invoiced income growth in FY2025), solid financial position with £600m net funds, and strategic acquisitions strengthen long-term positioning. However, margin compression from Technology Sourcing mix shift and lower profitability despite revenue growth create near-term headwinds. Stable dividend yield and less-volatile beta profile provide investor confidence.
Top Insights
FY2025 gross invoiced income surged 32% in constant currency with adjusted PBT guidance of £270m+ versus £253.6m consensus, signaling strong underlying demand
Strategic acquisitions (AgreeYa Solutions in Jan 2026) and strong cash position (£600m adjusted net funds) enable portfolio expansion in higher-margin managed services
AI-driven infrastructure demand in North America provides significant growth tailwind, though multiple valuation remains below software-focused peers like Softcat
Named Competitors
Managed IT Services — Global digital transformation and managed services leader with higher margins
Software & Services Distribution — UK-listed peer with software-focused, higher-margin model
Cloud & Infrastructure Services — Global infrastructure services provider with hybrid cloud focus
Recent Developments
(January 2026) Acquired AgreeYa Solutions Inc. to expand managed services capabilities
(January 2026) FY2025 pre-close update: Gross invoiced income +32%, adjusted PBT guidance £270m+, year-end net funds ~£600m
(September 2025) H1 2025 results: Revenue £3.99bn (+28.5%), Technology Sourcing +37.8%, but adjusted profit down 6.5% to £81.5m
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