Computacenter’s operating profit in North America has reached a record high in the year to 31 December 2024, totalling £72.3m.

In this period, operating profit in the region increased by 11.2%, while its total revenue jumped by 8.1% to £3bn.

Overall in the year, revenue at the information technology firm grew by 0.6% to £7bn.

However, in this period, profit before tax and operating profit dropped by 10.1% and 11.5% to £244.6m and £237.9m, respectively.

Meanwhile, its dividend per share increased by 1% to 70.7 pence per share.

Chief executive officer at Computacenter, Mike Norris, said: "Computacenter delivered a solid performance in 2024 as a whole in the context of a tough first half comparative and a more challenging IT market. Encouragingly, the second half was the most profitable in our history and was derived from our highest number of major customers.

"We executed well in North America, achieving another record year while Germany performed robustly.

"Cash generation was strong, providing us with the capacity to continue to invest in leading systems and to deliver enhanced shareholder returns through the completion of a £200m buyback."

In its outlook, Computacenter said that it "exited 2024 in a robust position with a committed product order backlog", that is "significantly ahead" of its position in December 2023 and June 2024.

Looking to 2025, the firm said that it remains “mindful of the uncertain macroeconomic and political environment", and is continued to be "excited by the growth opportunities" it sees ahead in its North America market, following a strong 2024 performance.

In conclusion, Norris stated: "Since 2013 we have distributed nearly £1bn to shareholders while making targeted acquisitions that have enhanced our global footprint, performance and business resilience as well as our long-term growth potential.

"We are well-placed for progress in 2025, entering the year with a strong order backlog across all regions, an exciting opportunity set and a continued focus on helping our customers realise the transformative benefits of IT."

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