By Maximilian Clarke
Capita outsourcing (LSE: CPI) is having a ‘successful’ year, winning new contracts that have seen a 7%% growth in revenue, the company’s 10-month interim statement reports.
Downwards pressure on the group from a UK-wide spending decline has been counterbalanced by a series of acquisitions and from boosting revenue from existing clients, which include the Criminal Records Bureau and London’s Congestion Charge.
The market for large scale outsourcing has become increasingly active during 2011, as reflected by the strength of our major sales performance, bid pipeline and the prospect and suspect lists which underpin it.
In the private sector, continuing pressure on organisations to drive down operational costs without compromising customer service is creating opportunities for outsourcing. We are particularly active in the UK life & pensions and wider financial services markets and continue to build our presence in the retail and utilities markets.
In the public sector, the ongoing pressure to reduce budgets whilst maintaining front line services is creating a healthy pipeline of opportunities in local government and there are also a number of opportunities arising across central government.
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