Despite tender failures, Computerland posts good Q3 result

Despite the fact that Computerland (CL) is not doing well in the public sector at present, the firm nevertheless has exceeded analysts' expectations by announcing a strong Q3 performance and increasing its net profit by 47% year-on-year to zł. 3.9 million. Analysts claim that that this will have a positive impact on CL's share price. Recent months have not been kind to the company, with negative results in several vital public sector IT tenders. CL failed to sign a contract to realize the Central Vehicle and Driver Registry (CEPiK) and provide IT services for bank PKO BP. "In spite of this, the results posted by CL have proved that the firm's traditional assets, including an attractive and continually expanding product portfolio coupled with a long-term cooperation with commercial customers from every sector of the economy, guarantee a stable development of the company," said CL representatives. In the third quarter of last year, CL's operational profit amounted to zł. 4.4. million and its revenues zł. 100.5 million. (www.onet.pl) A.Z.