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

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: Logica
Countries: Europe
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Logica FY profits plunge, sees flat sales in 2012

Published 22 Feb 2012 11:33 CET | Europe
Logica reported EPS in 2011 down 82 percent to 1.7 pence, as the IT services company suffered from a slowdown in consumer and ...

Logica to cut 1,300 jobs as business spending slows

Published 14 Dec 2011 09:51 CET | Europe
European IT services provider Logica warned for further weakness in business spending and said it will accelerate its cost ...

Steria revenue grows 4% to EUR 412 mln in Q3

Published 03 Nov 2011 16:23 CET | Europe
European IT services provider Steria's revenues for the third quarter grew 4.1 percent to EUR 412.2 million. Revenue in the ...

Atos Origin revenues stable at EUR 2.09 billion in Q3

Published 25 Oct 2011 09:32 CET | World
French-headquartered IT services group Atos Origin reported stable revenues of EUR 2.093 billion in the third quarter compared to ...

Calendar   /   Industry Events

22 Sep BIG 5G Event
23 Sep China SDN/NFV/AI Conference
23 Sep Submarine Networks Wold 2020
23 Sep Samsung Galaxy Unpacked event
28 Sep Open Networking & Edge Summit
28 Sep The Edge Event
29 Sep Micron Technology fiscal Q4
29 Sep VMworld
29 Sep ConnecTechAsia
29 Sep Tech & Politics Forum by FT-ETNO
30 Sep FCC meeting
::: More Calendar Items