UK Politics

Computing in focus for Wednesday as Frontier Developments and Computacenter report


The mid-point of the week will see the corporate calendar focus on technology and computing, with results expected from video game developer Frontier and IT group Computacenter.

Other areas of interest will be a trading update from waste management group Biffa as well as interims from stock market operator Aquis Exchange PLC (LON:AQX) and Tullow Oil PLC (LON:TLW).

Finals from Frontier

One other noticeable trend of this pandemic has been a computer games market that has been on the charge like Sonic the Hedgehog, with shares in Frontier Developments PLC (LON:FDEV) up around 90% so far this year.

Even before delivering Wednesdays final results for the past year, Frontier said it expects the new year to see revenues “within the top half” of analyst forecasts, driven by the continued momentum of its existing games and the launch some new additions.

In an update, the group unveiled a series of upcoming planned game releases for the current financial year to the end of next May, including the release of its Jurassic World Evolution game on Nintendo Switch consoles and two new games from its Frontier Foundry label, Lemnis Gate and Struggling.

For the past year, the company expects to report circa £76mln of revenue, down 15% due to the exceptional performance from Jurassic World Evolution the prior year, and with at least £16mln of underlying profits forecast.

Computacenter gains from remote working trends

From computers for play to those for work, half-year results from Computacenter PLC (LON:CCC) are also likely to be pretty good, with a short but upbeat update earlier this month that continued its pattern of raised guidance seen in May and again in July.

The latest increase was thought to be driven by a mixture of revenue upside in July and August and continuing cost outperformance with company travel and entertainment reduced to near-zero, predicted analysts at UBS.

Before the recent update, the market was expected underlying profit for the year of Read More – Source