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

Memristor_wafer

Chris Mellor

Execution warrant close to being signed for Fink's folly
Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world