Shares in Computacenter dropped by more than 5% earlier today after it reported a committed product order backlog of £9.3bn, marking an annual increase of 323.2% in the six months to 30 June.

The technology and services provider, which was recently promoted to the FTSE 100, recorded a 71.6% increase in group revenue, totalling £6.84bn, while its adjusted profit before tax rose by 87% to £152.4m.

Furthermore, its adjusted operating profit increased by 87.6% to £153.1m, following "excellent growth" in North America, which saw a record performance, and accelerating momentum in the UK.

In this period, Computacenter also saw growth in the number of customers generating over £1m of gross profit per annum, with a net 18 added to the group since 30 June 2026. As a result, its total number of major customers sits at 216.

CEO at Computacenter, Mike Norris, stated: "Computacenter delivered a record first half, significantly ahead of our expectations at the start of the year, as we converted strong and growing customer demand for digital infrastructure into substantial revenue, gross profit and operating profit growth.

"North America was again the standout performer, with operating profit more than doubling and the region now representing over 60% of Group adjusted operating profit, driven by our growth with hyperscale, neocloud and enterprise customers. It was also pleasing to see accelerating momentum in our UK business, whilst the underlying performance in Germany was robust.

"While we continue to invest organically to secure future growth, we also completed the acquisitions of AgreeYa and GAI. These additions expand our professional services capability, broaden our North American customer proposition and provide access to the US federal government market."

The group said it ended the half in a strong position, with growing demand in for digital infrastructure, particularly in North America.

Computacenter said that following a strong start to the second half, and a further increase in the committed product order backlog since the end of June, it expects its adjusted full-year profit before tax to be “significantly ahead” of current market expectations and to be no less than £380m.

While its share price increased by over 5% in early trading, its value fell by 11% by the afternoon.

Head of markets at AJ Bell, Dan Coatsworth, said that Computacenter has convinced people that it is a "lasting beneficiary of the artificial intelligence push".

He concluded: "The reseller of IT hardware and services provider is seeing surging demand linked to the rollout of AI infrastructure, with North America becoming the engine of growth for the business. The UK arm, while not running at quite the same speed, is showing some signs of recovery. Computacenter is not only buying and sourcing kit for the big AI players but is also helping to design, build and maintain the necessary infrastructure as a cherry on top. That makes it a rare UK-listed beneficiary of the ongoing AI arms race.

"A record order book points to ongoing strong demand, but whether this is sustainable is open to question. Computacenter has sought to augment its position through the acquisitions of AgreeYa and Government Acquisitions Inc in the first half of the year, which have given it a foot in the door for US federal government contracts.

"Having recently ascended to the ranks of the FTSE 100 after more than doubling in value over the last 12 months, Computacenter’s ability to eke out further share price gains speaks to the quality of the latest results."

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