The Channel logo

News

By | Team Register 18th January 2006 11:48

LogicaCMG cites operating profitability

Hits market targets

LogicaCMG claimed a “significant improvement in operating profitability” in 2005 in a trading statement this morning.

The services group, which completed its acquisition of French services group Unilog earlier this month, said overall operating results were “in line with market estimates”, with organic revenue growth of 5 per cent on 2004. That year it turned over £1.7bn with pre-tax profits of £42.2m.

While 2005 went smoothly at LogicaCMG’s UK, Dutch, and Iberian operations, it said “Germany remained difficult”. Preliminary results are due 1 March.®

alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs