Shares in Computacenter were down on the FTSE 250 in afternoon trading after the IT company reported a rise in revenue and pre-tax profit in the full year ended 31 December 2010.
Group revenues increased 6.9 per cent to £2.68 billion and pre-tax profit jumped 35.1 per cent to £65.1 million.
Following the results Computacenter said it would be raising its total dividend for the year from 11.0 pence per share to 13.2 pence per share.
Net cash at the end of the year stood at £111 million, up from £37.3 at the end of the previous year.
Last month Computacenter announced that it would be acquiring French firm Top Info for 21 million euros, although the takeover is still subject to approval from French competition authorities.
Mike Norris, Chief Executive of Computacenter, commented, "Computacenter has delivered another strong set of results with increased profits, EPS, dividends and an improved cash position. We have delivered in excess of 20% compound annual EPS growth over the last four years.
"Over the last two years, we have done much to identify those areas where we have competitive advantage and for which there is market appetite. We believe that this is where our future success lies.
"We believe that 2011, as a whole, will be a year of continuing improvement for Computacenter's performance. We are encouraged by end user demand for new technology which is driving the requirement for investment in corporate IT infrastructure, helped by economic improvement within our customers' markets. Our services market place continues to grow, albeit at a modest pace, but we feel increasingly confident about our ability to continue to outperform the market."
By 15:10 shares in Computacenter were down 1.14 per cent on the FTSE 250 to 442.00 pence per share.