Logica's profits and sales dropped last year as IT departments cut their spending, but outsourcing demand is on the up and UK sales have increased. The supplier reported a profit of £272 million, a 6% fall, on £3.7 billion worth of sales in 2009. This compared to £289 million profit on sales of £3.8 billion in 2008.
Looking forward to 2010, the company said demand for outsourcing services is strong in the private sector and governments across Europe want to outsource to meet their-cost cutting commitments.
Source: Computer Weekly