News

TechMARK movers: Weaker pound helps Computacenter

17 October 2008 12:47:00

Computacenter has done well today after the IT services provider said the strong euro helped boost third quarter revenue by 6%.

Investors shrugged off news of flat revenue at the start of the final quarter, preferring to focus on a 2% increase in UK sales to £310m and improvement in operating profit.

The firm has not been immune from the current economic turmoil, it said, but the credit crunch has had "no material effect" so far, with only a few specific customers running into difficulties.

Times are tough at IT hardware supplier Morse, which admitted higher operating losses in the first quarter.

Overall revenue was up to £55.8m during the three months ended 30 September from £55.2m a year ago. The operating loss grew to £0.5m from £0.2m in 2007.

Improvements from restructuring have been offset by year on year declines in gross margin in some business units and write offs in the IS&T - UK business in relation to Lehman Brothers, Morse said.

FTSE TechMARK - Risers
Axis-Shield (ASD) 287.00p +6.30%
BATM Advanced (BVC) 40.00p +5.26%
KCOM Group (KCOM) 20.00p +5.26%
Renovo Group (RNVO) 27.00p +4.85%
Protherics (PTI) 34.50p +3.76%
Vislink (VLK) 31.50p +3.28%
Psion (PON) 67.00p +3.08%
Elan Corporation (ELA) € 6.48 +2.86%
Computacenter (CCC) 91.50p +2.81%
Trafficmaster (TFC) 12.75p +2.00%

FTSE TechMARK - Fallers
Torotrak (TRK) 11.50p -11.54%
SDL International (SDL) 215.50p -10.11%
Morse (MOR) 22.00p -8.33%
Pace (PIC) 56.00p -8.20%
Kewill (KWL) 55.50p -6.72%
Oxford Biomedica (OXB) 5.60p -6.67%
Imagination Technologies (IMG) 53.00p -6.19%
Biocompatibles International (BII) 110.00p -5.98%
Sinclair Pharma (SPH) 28.25p -5.83%
Gresham Computing (GHT) 58.00p -5.69%

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