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Logica ups revs and orders

Rest of the world saves UK

Internet Security Threat Report 2014

Logica had a decent first quarter and grew revenues by 5 per cent to £978m, compared to £932m last year.

The reseller said orders were up 29 per cent to £1,4m. Logica's consulting and professional services division stayed steady after nine quarters of falling revenues.

Outsourcing was up 13 per cent and commercial sectors up 9 per cent overall.

Chief Executive Andy Green said: "The order performance in the UK was particularly encouraging, boosted by significant multi-year contracts with the Serious Organised Crime Agency and Shell."

The company is spending £30m on restructuring in the first half of this year, which it hopes will provide £15m in savings during the second half.

Sales in the UK were down 4 per cent to £179m thanks to public sector cutbacks – sales to government fell 9 per cent compared to 5 per cent growth last year.

France grew sales by 11 per cent to £224m, Northern and Central Europe grew revenue by 12 per cent to £210m.

International (Australia, the Americas) was down 2 per cent to £85m.

Outsourcing wins grew revenue in Sweden by nine per cent to £159m. Benelux performance was less good - sales down five per cent to £121m thanks again to government and public sector cutbacks.

Staff numbers increased by 3 per cent over the year to 39, 864. Offshore staff, in India and the Philippines, grew 14 per cent

Logica's full statement is available from here. ®

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