Logica reassures its investors

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Customers have been reluctant to embark on major IT upgrades during the downturn, putting pressure on Logica's consulting and systems integration unit, but boosting demand for its outsourcing services as firms cut costs.

The Anglo-Dutch company said its outsourcing division had grown strongly, up 11 per cent, while the consulting and professional division had returned to growth, up 1 per cent.

However the group said the challening market had resulted in an underlying loss in the Benelux and it said its group margin improvement, a key metric for analysts, would be dependent on progress there.

Adjusted operating profit for the period was down 11 per cent to £113m due to restructuring charges.

"Logica grew above the market in the first half, with particularly strong gains in Outsourcing, in France, Northern and Central Europe, and in the commercial sectors in the UK," Chief Executive Andy Green said.

"Our order backlog is at record levels."