Capita delivers 'robust' first half (update)

Capita’s first half results show strong momentum has returned to the UK BPS market leader (see Capita delivers ‘robust’ first half). After winning a record £2bn worth of new contracts in H113, Capita has been busy replenishing its pipeline, which now stands at £4.2bn vs. £4.1bn same time last year. It had stood even higher, at £5.2bn in February before the O2 megadeal was won in May (see Capita wins O2, upgrades to at least 8% organic growth).

It may seem Capita has it all sewn up. However that is not the case. Capita's margins are under pressure, it faces difficulties in a number of key divisions - notably IT services and insurance - and needs to convince it has the wherewithal to deliver some ambitious plans for recent JV deals at the Cabinet Office and Staffordshire County Council.

Subscribers to TechMarketView's Foundation Service can read the 'deep-dive' analysis in UKHotViewsExtra here.

Posted by John O'Brien at '20:45' - Tagged: bpo   bps