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Wednesday 13 June 2018

Computacenter gets a Boring Award!

BoringLast night TechMarketView LLP celebrated its 10th Birthday. All those early subscribers are still with us.  They backed us when there was no research on our website -now there are 20,000 pieces of research, analysis and comment available. So we were delighted to raise a glass with representatives of all those subscribers at our Birthday Party last night.

Boring awardI was particularly pleased to be able present a Holway BORING Award to Mike Norris and Tony Conophy of Computacenter. The Boring Awards started in 1992 and were awarded to UK quoted Software and IT Services companies with at least 10 years of uninterrupted EPS growth. The first award was to Admiral and some 6 other companies have since received an award. The two longest standing Boring Award Holders were Capita and Sage. But they, like all the others, have now lost it.

Interestingly, all the Boring Award Holders had very long serving CEOs. All lost their Boring Awards soon after those CEOs stepped down.

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Mike Norris has been with Computacenter since 1984 and has served as CEO since 1994. Tony Conophy as been with Computacenter since 1982 and has been i/c of the Finance function since 1996. They don’t come longer serving than that!

Their record is truly awesome. As you can see from the chart, EPS has been boosted by 540% since 2005. Compared to the ‘fortunes’ of many others in their arena, that is incredible.

As a Computacenter shareholder, my only plea to Mike & Tony is ‘Don’t leave..’

Posted by Richard Holway at '00:00'