Computacenter has had a strong start to 2026, with first-quarter trading coming in significantly ahead of both last year and its own expectations, prompting the technology services group to upgrade its full-year guidance.
Group Technology Sourcing revenue led the charge, powered by hyperscale customers in North America and the UK, while Services revenue also edged ahead on the back of strong organic growth in Professional Services. A dip in Managed Services was more than offset by momentum elsewhere.
North America delivered what the company described as an excellent quarter, helped along by a record product order backlog carried over from the end of 2025 and stronger-than-expected hyperscale volumes.
The UK also posted excellent growth in Technology Sourcing, with AI-related project completions feeding through and Professional Services continuing to build. Germany was steady, though Professional Services there remains subdued, and Western Europe nudged slightly ahead.
On the outlook, Computacenter now expects a much stronger first half than previously thought. While management flagged the usual caveats around the macroeconomic and geopolitical backdrop, and a tougher comparative in H2, it now anticipates full-year results will be comfortably ahead of market expectations, assuming no material deterioration in conditions.
Computacenter shares are around 50% higher over the past year, and today’s update has helped extend the rally with a 3% gain.