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

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)

Chris Mellor

All that is storage does not beget gold
Lost

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware