The Channel logo

News

By | Team Register 1st March 2006 16:40

LogicaCMG revives in 2005

Mixed continental performance

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". ®

alert Send corrections

Opinion

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on