IT outsourcer Xansa has posted a near-30% increase in operating profits for the year ending 30 April, as it continues to expand its Indian outsourcing operation.
Operating profits reached £21.6m on the back of a 3.5% increase in sales of £376.4m. The company also returned to pre-tax profitability with a £10.8m profit compared with last year’s £29m loss.
Xansa reported a 36% increase in UK public sector work, partly as a result of its new contract with the NHS. New private clients included Vodafone, Scottish Widows, Prudential, Yorkshire Water, Southern Water, BSkyB, Invensys and Littlewoods.
The company’s Indian workforce increased by almost 50% to 2,815 people as the company offshored more of its clients’ work to cut costs further.
Xansa chairman Bill Alexander said, “Major restructuring is behind us and our business model of UK clients and integrated UK-India delivery is beginning to show results, with nearly half our people now working in India.”
Xansa currently employs a total of 6,800 people.