(By Anthony Miller – Tuesday 27th October 2009 9:45am). Just time to note that Computacenter has completed its exit from trade distribution with the sale of CCD, its distie arm, to Ingram Micro (no terms given). This was increasingly a low-margin, low-joy activity for Computacenter, so now they can concentrate on their core product resale and services operations, which seem to be going pretty much OK given last week’s IMS. Indeed, its UK services business continues its march forwards, with revenues up 10% in Q3, vs the 25% decline in product revenues. Net net, UK profits were up yoy, helped by cost-cutting too. Good stuff.
Tuesday 27 October 2009
Computacenter exits distie business
(By Anthony Miller – Tuesday 27th October 2009 9:45am). Just time to note that Computacenter has completed its exit from trade distribution with the sale of CCD, its distie arm, to Ingram Micro (no terms given). This was increasingly a low-margin, low-joy activity for Computacenter, so now they can concentrate on their core product resale and services operations, which seem to be going pretty much OK given last week’s IMS. Indeed, its UK services business continues its march forwards, with revenues up 10% in Q3, vs the 25% decline in product revenues. Net net, UK profits were up yoy, helped by cost-cutting too. Good stuff.
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