UK’s Computacenter sees chip supply shortages to last until 2022

September 9 (Reuters) – UK IT services company Computacenter Plc (CCC.L) said Thursday it expects supply bottlenecks to persist through next year as the company faces a global shortage of electronic components, including computer chips.

The Hatfield-based company said product shortages, which include critical data center components, have delayed orders and increased vendor prices, hurting sales and profits.

“The ongoing supply bottlenecks in the industry have brought our challenges to the fore,” said CEO Mike Norris.

Tech companies around the world are grappling with scarce chip supply issues as the COVID-19 pandemic disrupted global product availability while increasing demand.

The company also said these headwinds won’t worsen and hopes it was at the height of the component’s shortage. However, it added that some of its partners have made price increases.

Computacenter, which provides IT strategy solutions and manages the technical infrastructure, announced that its adjusted profit before taxes for the six months ended December 30th

($ 1 = 0.7262 pounds)

Reporting by Aditi Sebastian in Bengaluru; Editing by Ramakrishnan M. and Uttaresh.V

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