UK Computacenter predicts chip supply shortages to last until 2022
Sept. 9 (Reuters) – UK IT services firm Computacenter Plc (CCC.L) said on Thursday it expects supply shortages to last until next year as the company grapples with to a global shortage of electronic components, including computer chips.
The Hatfield-based company said product shortages, which include its essential data center components, have delayed orders and raised supplier prices, hampering its revenue and profits.
“The ongoing supply shortages in the industry have reached the peak of our challenges,” said Managing Director Mike Norris.
Tech companies around the world are tackling chip supply issues as the COVID-19 pandemic disrupted the product’s global availability while increasing its demand.
The company also said it doesn’t see those headwinds getting worse and is hoping it is on top of the component’s scarcity. However, he added that some of his partners have implemented price increases.
Computacenter, which provides IT strategy solutions and manages technology infrastructure, said its adjusted profit before tax reached 118.9 million pounds ($ 163.74 million) in the six-month period ended June 30, from 74.6 million pounds a year earlier thanks to the strength of the German, UK and US markets. .
($ 1 = 0.7262 pounds)
Report by Aditi Sebastian in Bengaluru; Editing by Ramakrishnan M. and Uttaresh.V
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