The Financial Week Ahead/IT File – Greater expectations.

The Financial Week Ahead/IT File - Greater expectations.

In the spotlight: After a merger with X.com, Logistica's FD is

Consulting and IT giant Logica’s sustained revenue growth and expansion in mobile telecommunications mean expectations for the company’s year-end results, due to be announced next Wednesday, are positive.

In a bid to further enhance its presence in the growth area of mobile telecommunications, Logica joined forces in August with X.com, the web-based payments network, to develop and distribute the company’s PayPal payment system.

The system will provide mobile devices such as internet-enabled phones. The deal involves Logica incorporating X.com’s PayPal with its mobile commerce and e-commerce services.

And last month, Logica became website architect for the Lloyds TSB insurance online site providing a raft of expertise and experience in site development.

The site, which provides users with a range of quotations from a panel of the UK’s insurance companies, was designed and built by Logica together with a team from Lloyds.

On the back of this joint venture came a recruiting drive in the UK when the IT giant announced its intention to take on new staff in all business sectors over the next six months.

Logica recruited around 100 new employees at its offices in north Bristol following sustained growth and revenue increases in the South West.

Andrew Given, Logica’s group finance director since 1990, has presided over a 10 year spell that has seen joint ventures, rising staff numbers and increased profit margins.

At a recent performance update, Given painted an optimistic picture telling analysts and investors that the group was on target to meet profit expectations.

Given said that order intake for the year is expected to be robust and to surpass revenue growth significantly, with an expected book to bill ratio of around 1.2 to 1.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource