Demand for computer systems and services will continue into the next millennium, IT services group Computacenter said yesterday as it released its preliminary results for 1998.
While commentators have pointed to a slowdown after millennium bug work is completed, Computacenter chief executive Mike Norris said in a statement that the ?Euro, the growth of ecommerce applications, and the approach of Microsoft?s Windows 2000 operating system will all be increasingly important growth drivers for our business over the coming year.?
Turnover for the year ending 31 December 1998 was #1. 568 million, up 39.9 per cent on the year before?s total of #1.1 million, with pre-tax profit up 37 per cent, from #47.1 million to #64.6 million.
Computacenter said the impact of the millennium bug on business was hard to quantify, with some clients deferring projects and others bringing them forward, but the overall impact on sales was small.
Last May, Computacenter floated on the Stock Exchange, making around 30 share-holding staff millionaires.
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