Feeds

LogicaCMG racks up revs, profit gains

Told you the merger was a good idea

Business security measures using SSL

LogicaCMG claims its just-released preliminary results prove the merger which created the firm is showing long term benefits – almost three years down the line.

The services group's revenues for the six months ending 30 June were up 10.9 per cent on the year to £891.7m. This generated operating profit up 23.3 per cent to £40.8m and pre-tax profits of £37.7m, up 46 per cent.

IT services accounted for 87 per cent of total revenues at LogicaCMG, and were up 8.6 per cent on the year. Wireless services were up 7 per cent, and achieved “a major turnaround in profitability” compared to the previous year.

LogicaCMG chief executive Dr Martin Read said the long term benefits of the merger of Logica and CMG – wrapped up in late 2002 – are “now very much in evidence.”

The firm said it still expects organic revenue growth of 5 per cent for the year. Including the Edinfor acquisition earlier this year, growth will be 10 per cent.®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.