Capita flagged up a change in the outsourcing sector's fortunes, reporting a "busy sales period" only months after spooking investors with a warning on the impact of the Government's public-spending cuts. The company– said it had performed "solidly" over the first four months of the year as it drew steam from an uptick in the "appetite for outsourcing, particularly across the life and pensions and local government markets".
The business has signed seven new contracts since the beginning of the year, including a mandate to provide IT outsourcing for English Heritage and to administer revenues for the London Borough of Brent. Capita is also on shortlist for several contracts, including one to administer army recruitment for the Ministry of Defence
Source: The Independent