The FTSE 250 IT firm said in a trading update for the year ended 31 December that revenues had risen by 16%, while its profitability had increased by the largest absolute amount ever.
Following an upgrade to its guidance in an update on 10 December, the company said it was “comfortable with the upper end of current market expectations” for 2019.
The revenue upswing was attributed to recent acquisitions, particularly businesses in the US and the Netherlands which Computacenter purchased in 2018. Excluding acquisitions, organic revenues grew by 3% during the year.
Looking ahead, the company said while 2019 had “set a high bar for the business”, they were going into 2020 “with confidence, helped by the strong momentum within the Group and the broader market”.
“We have multiple growth drivers. Geographically, we have expanded our footprint; technologically, we continue to develop our capability in areas such as Networking, Security and Cloud; and in Services, as we continue our long-term investment in the development of our portfolio of propositions”, the company said.
The shares were down 0.1% at 1,757p in early trading.