Printable Edition Click Here  :  Subscribe   :   Page  2  : Results   :  June 2005    Go to page:  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16           Previous Page      Next Page

Detica sees tenth consecutive year of growth     Detica announced rising full-year revenues following a "very strong performance" from its core UK business.    Turnover jumped 33 percent to £71m in the year ended 31 March. Profit before tax and goodwill was up 2 percent to £9.4m, while profits leapt 29 percent to £12.5m on a like for like basis and excluding investment in StreamShield and US start-up costs.    Organic like-for-like     profit before tax and their revenues have grown on average by 28 percent in each of the last five financial years.    Turnover from government sources came in 39 percent higher at £46m, while commercial business accounted for £25m of sales, up 23 percent on 2004.    The company said its government markets are likely to remain attractive for the foreseeable future due     to the continuing focus on public service investment, combined with robust national security and border control.    Particularly encouraging is the growth in the commercial sector. Revenues here actually fell on an organic basis, however, headline growth was 23 percent, despite a contraction in work with Centrica and the winding up of some vertical interests acquired     through Rubus. Detica's two main focus areas outside government - telecoms (which grew 25 percent to £7.6m) and financial services (74 percent to £10.3m) - both put in a strong performance.    Chief executive Tom Black said, "The outlook for the business is positive and we remain confident in our ability to perform well once again in the coming year."        revenue growth reached 30 percent compared to 25 percent organic growth last year. Operating margins in the "core" remained high, with just a slight fall from 17.3 percent to 16.7 percent.    This has been Detica's tenth consecutive year of growth in turnover and

LogicaCMG says first quarter orders are up by 37%     In its most recent trading update LogicaCMG said it expects performance for the year to show a significant improvement over 2004, in part due to strong first quarter bookings.    The company said order bookings in the first quarter were "very strong", up 37 percent over last year, and that it is currently in negotiation for several large contracts.    The improved performance will be weighted to the second half when the benefits     businesses performing well. The company reported revenues of £1.66bn and pre-tax profit of £42.2m for 2004.    The company said it continues to make progress in improving the operating performance in Germany and, while that market remains difficult, expects a significant improvement compared to 2004 as the year progresses.    The French business is performing in line with the second half of     last year as progress in its restructuring continues.    LogicaCMG again emphasised that the introduction of International Financial Reporting Standards (IFRS) has no impact on the underlying economics, cash flows or risk profile of its business.    It said its 2004 operating profit from continuing operations was 98.2 million pounds under the new IFRS accounting standard, versus 111.3 million     under UK GAAP accounting standards.    This is broadly in line with previous comments on IFRS, principally at the time of the group's preliminary results for 2004 released on March 2.    LogicaCMG's first financial results under IFRS will be the 2005 interims which are due to be announced on August 31, 2005.        of restructuring in France and Germany should deliver improved performance and the contracts won in the first quarter and with Energias de Portugal come fully on stream.    LogicaCMG expects organic revenue growth to be in the range of 4-5 percent for the year as a whole, with the UK and Netherlands

Atos' Q1 results confirm improvement in market conditions     Atos Origin said revenues reached €1.356bn in the first quarter, up from the €1.3bn reported for the same period last year, representing like-for-like growth of 9.1% that includes the impact from the adoption of IFRS accounting standards.    'This is the third quarter-on-quarter increase, confirming a general improvement in market conditions,' the company said.    For the quarter ended     the company said.    On a regional basis, revenues in France were 1.8% higher than last year, benefiting from a strong performance in Consulting and Systems Integration, particularly from the new contract with Renault.    Elsewhere, good organic revenue growth was achieved in both The Netherlands (+4.4%) and in the United Kingdom (+7.7%), where Atos picked up additional work, especially in the     Public Sector.    Revenues in Germany-Central Europe recorded a 92% organic growth, mainly due to the KarstadtQuelle contract. However, analysts question the accounting of the contract as organic growth and maintain that it's hard to see underlying growth from Germany.    In the rest of EMEA growth in Italy and Spain was encouraging, but in the Middle East revenues are still     affected by political instability in the region.    After disposing of more than 50% of the business in the Americas in mid-2004, Atos said the remaining activity is now healthy and growing once again and recorded a year-on-year organic increase of 13% in the first quarter.    The Asia-Pacific region recorded organic growth of 15.1% for the quarter.        March 31, 2005 the three main service lines each recorded strong organic growth. In Consulting, where revenues reached €106m, there was a 10.3% organic increase, year-on-year. The confirmation of growth in consulting demand is an additional indicator of the market recovery,

Consulting Times | Page 2 Previous Page     Next Page