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IT

Logica warns for lower FY operating margin

Wednesday 2 November 2011 | 10:37 CET | News
ICT services provider Logica has warned of 'softness' in the market and said it now sees its full-year adjusted operating margin at just 6.5-7.0 percent, down from 7.4 percent in 2010. This includes GBP 25 million in previously announced restructuring charges. Logica said already in August that any improvement in the margin will depend on the Benelux market. The company said "achieving better levels of utilisation in the Benelux before the year end will remain a challenge and progress in Sweden has been slower than expected". It still expects over 3 percent revenue growth in the fourth

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Categories: IT
Companies: Logica
Countries: Europe
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