Logica reports a strong finish to 2010
Commenting on today’s announcement, Andy Green, CEO, said: “We finished 2010 in a strong position. The client and people focused strategy that we established at Logica three years ago has helped us to weather the downturn well. The well balanced nature of our business across geographies and industry sectors continues to bring us benefits, with a particularly strong performance in territories like France and the Nordics and a sharp recovery in Financial Services.
Logica plc results for the year ended 31 December 2010 Page 2 of 36 I am delighted with the significant contract wins of recent weeks with the Serious Organised Crime Agency (SOCA) in the UK, an important client in the Netherlands and Shell for commercial fleet fuel cards. These wins demonstrate our ability to compete successfully on some of the largest deals awarded so far in 2011.
Continue to invest
Our good performance and strong order backlog allow us to look to the future with confidence. We are well positioned for revenue growth and modest margin improvement as the market recovers through 2011. We continue to invest in ensuring we are competitive and responsive to changing client needs, providing our people with the opportunity to build sustainable careers at Logica and delivering improving returns to our shareholders.” (Logica/mc/hfu)
