Tech tracker round-up: Computacenter reports bumper set of results, Amazon doubles quarterly profits

Here the Evening Standard business team highlights all the major tech news today.

Hatfield baed IT firm Computacenter reported a bumper set of results.

The firm said revenue increased 21% in its first quarter, and its supply chain revenue grew 31%. Shares rose 29.34p to 1255.3p.

The company is engaged in the supply, implementation, support and management of information technology systems.

It is also a sponsor of the Renault Sport F1 Team.

But the major story happened overnight.

Amazon reported that it had more than doubled its profits to $1.6 billion in the first three months of 2018, the company announced that the cost of a Prime subscription would increase to $119 from $99 per year for US customers.

The results sent the company’s shares soaring 7%. adding billions to the fortune of its founder Jeff Bezos.

The company, which said last week that it had signed up more than 100 million people to its Prime subscription service, revealed that the cost of a Prime subscription would increase to $119 per year, effective from 11 May for new subscribers and to renewed subscriptions from 16 June.

It represents the first price hike in the US since March 2014.