Capita on track to achieve 8% growth
12 November 2014
Outsourcing and recruitment giant Capita is on track to achieve 8% organic growth, net of attrition, by the end of the year, according to its interim management statement.
Wed, 12 Nov 2014Outsourcing and recruitment giant Capita is on track to achieve 8% organic growth, net of attrition, by the end of the year, according to its interim management statement.
The business process outsourcing firm also believes that its underlying group operating margin can be maintained in the range of 12.5% to 13.5% for the foreseeable future.
Capita has secured £1.63bn of new contract opportunities to date this year with clients including The Co-operative Bank, Defence Infrastructure Organisation, Transport for London, John Lewis, Scottish Wide Area Network and BAE Systems.
However, its bid pipeline has fallen to £4.1bn, compared to £5.7bn in July.
The business process outsourcing firm also believes that its underlying group operating margin can be maintained in the range of 12.5% to 13.5% for the foreseeable future.
Capita has secured £1.63bn of new contract opportunities to date this year with clients including The Co-operative Bank, Defence Infrastructure Organisation, Transport for London, John Lewis, Scottish Wide Area Network and BAE Systems.
However, its bid pipeline has fallen to £4.1bn, compared to £5.7bn in July.
