Logica reiterates full year guidance with its first quarter results
At its Annual General Meeting being held today, Logica will comment on trading for the first quarter of 2012. The following is the interim management statement based on unaudited results for the three months ended 31 March 2012.
Headlines
1
- New orders totalling £1,057 million, 23% of 2011 record order book of £4.6 billion
- Revenue stable at 2011 level
- Good progress on delivering our 2012 objectives
- Restructuring programme fully on track
- Full year guidance remains unchanged
|
Three months to March |
|
Three months to March |
| £m |
2012 |
2011
Pro forma |
Change |
2011 Actual |
Change |
| Orders |
1,057 |
1,393 |
(24)% |
1,399 |
(24)% |
| Revenue |
971 |
974 |
0% |
978 |
(1)% |
| Outsourcing backlog |
2,513 |
2,623 |
(4)% |
2,615 |
(4)% |
| Consulting and Professional Services book to bill (%) |
108 |
114 |
n.a. |
114 |
n.a. |
Commenting on today’s announcement, Andy Green, CEO, said:
“This is a solid performance underpinning our full year guidance. We have made good progress with clients in delivering against current contracts as well as winning and implementing new business. Our restructuring actions are fully on track and will help drive improvement in profitability in the second half.”
1 All headline numbers relate to pro forma numbers as defined on page 8 of the attached PDF document
If you are unable to access the PDF files on the above links, please upgrade to the latest version of Adobe Acrobat or similar PDF reader.
For further information, please contact:
Logica Investor relations: Karen Keyes/Jose Cano
+44 (0) 7801 723682/+44 (0) 7525 273666/+44 (0) 20 7446 1338
Logica Media relations: Louise Fisk
+44 (0) 7798 857770
Brunswick: Sarah West/Jonathan Glass
+44 (0) 20 7404 5959
