Paul Pindar
Pindar: major contract wins continue
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Capita posts strong half-year results

Outsourcing giant unveils strong growth in revenue and profit, and predicts a healthy future

Janie Davies, Computing 25 Jul 2008
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Capita reported a 20 per cent increase in revenue, to £1.18bn, for the first half of 2008, compared with £985m for the same period last year.

Profit was up 18 per cent to £140.6m, compared with £118.9m for the first half of 2007.

A series of contract wins in the first half of 2008 has continued into the second, said Paul Pindar, chief executive of the group.

“Capita has made strong progress in 2008. Our businesses across the group have
performed well and we have secured new and renewed major contracts worth £626m in the first six months of the year," he said.

"The second half of the year has also started strongly, with a further £187m of new and renewed contracts secured in July 2008."

"Our successes in 2007 and progress in the first half of 2008 mean that the ingredients for a successful year are already in place.”

See also:

BanknotesStrong companies may survive in a challenging economic climate, but others are left vulnerable  24 Jul 2008
Arun SarinRevenue up 19 per cent as weaker European markets are offset by strong performance further afield  22 Jul 2008
IBM logoThe manufacturing giant reported strong second quarter results and forecast positive performance for the full year  18 Jul 2008
GavelBut hard strapped customers bidding less in online auctions  17 Jul 2008
Paul OtelliniEuropean regulators are preparing fresh case  16 Jul 2008
Pound coinsThe outsourcing giant buys a niche public sector software developer  05 Jun 2008

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Tags: Outsourcing, Finance, Outsourcing

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