Logica's profits and sales dropped last year as IT departments cut their spending, but outsourcing demand is on...
the up and UK sales have increased.
The supplier reported a profit of £272m, a 6% fall, on £3.7bn worth of sales in 2009. This compared to £289m profit on sales of £3.8bn in 2008.
In the UK, Logica made £750m worth of sales in 2009 compared to £710m last year - a 6% increase.
Looking forward to 2010, the company said demand for outsourcing services is strong in the private sector and governments across Europe want to outsource to meet their-cost cutting commitments.
"We continue to see an increase of outsourcing opportunities in our commercial sectors. In the public sector, we continue to see a good pipeline of opportunities across Europe, despite the fact that we expect UK public sector decision-making to slow as we come through 2010," said Logica.
Outsourcing sales increased 9% to £1.38bn, while Logica's consulting and professional services sale fell 10% to £2.3bn.
|Logica's revenue by sector|
|Industry, distribution and transport||£1bn|
|Energy and utilities||£650m|
|Telecoms and media||£314m|