Feeds

LogicaCMG racks up revs, profit gains

Told you the merger was a good idea

Secure remote control for conventional and virtual desktops

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.®

Secure remote control for conventional and virtual desktops

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.