Serco poised for global outsourcing boom

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The firm, which runs prisons in Australia, air traffic control towers in the US and tug boats for the Royal Navy, said global demand for outsourcing was providing "significant opportunities" in new and existing markets.

Serco said its substantial order book and revenue visibility "supports our expectation of achieving strong organic revenue growth in 2010 and making further progress towards our 2012 margin guidance".

In March, Serco said it expected to gain from government outsourcing work this year, after contract wins and overseas growth helped it post a 34% rise in annual profit.