The Channel logo

News

By | John Oates 10th May 2011 09:51

Steady as she goes at Capita

Signs of life in outsourcing

Capita reckons the outsourcing market is picking up after a quiet 2009 and 2010.

Even public sector contracts are coming back to life especially in local government and defence.

In an interim management statement, Capita said it saw a solid performance in the first four months of 2011. It expects to hit targets for revenue growth and margin improvement for the year.

Capita said its "bid pipeline" was worth £4.7bn on 24 February 2011. This represents contracts worth over £10m for which Capita has been short-listed to the last four bidders or less.

There are no bids worth more than 1 per cent of last year's revenue due until 2012.

Capita said central government work was beginning to emerge – much of this as joint ventures and mutual deals instead of standard contracts.

It said it had acquired six businesses so far in 2011 for a total of £80m and expects to buy more companies during the year.

Plans to build a shared services centre in Krakow, Poland are going well; Capita has signed heads of terms to lease a 500-seat call centre.

Capita's full statement is here. ®

comment icon Read 14 comments on this article alert Send corrections

Opinion

Lightning

Jack Clark

Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead

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