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

Photo of HP Enterprise office
Apple Mac Mini late 2014

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears

Features

Venomous snake
Potential deleterious effects more like a snakebite* than a snake bite
Windows Server
Hacked US CENTCOM Twitter account
Roll up, roll up, get your exclusive market insights