Britain and the Netherlands delivered a bumper year for LogicaCMG in 2005, as it also benefitted from its IT workshops on the Indian sub-continent.

British and Dutch markets both did well for LogicaCMG in 2005. Increased demand in a tight labour market resulted in high utilisation of what is the most expensive resource for IT firms - staff - despite heavy recruitment and use of offshore resources.

Revenues were up 10.6 per cent overall, to £1.8bn, with half of the increase coming from acquisitions in Iberia (Edinfor) and France (Unilog). Profits before tax were up a third, to £105.6m, despite a poor performance in much of Europe.

Performance in the main Continental economies was near stereotypical: France was characterised by "rationalisation", Germany as "difficult". ®

Related stories

• LogicaCMG hit by boardroom row (25 July 2007)
• LogicaCMG hails IT outsourcing wins (19 July 2006)
• LogicaCMG clinches ESA satellite security deal (8 May 2006)
• Unions to test Siemens' mettle (31 March 2006)
• LogicaCMG cites operating profitability (18 January 2006)
• LogicaCMG buys Unilog for £630m (19 September 2005)
• LogicaCMG racks up revs, profit gains (31 August 2005)