 |
|
|
|
|
|
|
|
 |
|
|
|
 |
|
|
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
25 June 2003
Xansa is an international business process and IT services company creating and delivering process and technology solutions that significantly improve its clients" business performance. Through strong relationships, commercial innovation and its integrated Indian delivery capability, Xansa drives real and long-term cost reductions, performance improvements and new ways of working tailored to each client. Its services are Business and Technology Consulting, IT Implementation, IT Outsourcing and Business Process Outsourcing. Xansa is established in the UK, North America, Continental Europe and Asia Pacific with three process and technology centres across India.
KEY FEATURES
These figures are quoted before profit on sale of own shares, distribution of shares from the trusts, reorganisation costs and goodwill amortisation and impairment.
* cash flow from operating activities before exceptional items less net payments on tangible fixed assets
Commenting on the results, Alistair Cox, Chief Executive, said:
"We now have in place a structure that reinforces our strategy of delivering integrated offerings in IT services and Business Process Outsourcing, leveraging the cost effectiveness of our Indian delivery capability whilst providing our clients with strong local support, as shown by our recent contracts with Royal Mail, BT, Boots and O2. Our focus now is to execute this strategy in all our markets, despite our view that our market places will remain challenging and highly competitive at least through the current financial year. Tight cost control, a focus on cash generation and winning new profitable business will be the key mantras in the business."
Commenting on the results, Hilary Cropper CBE, Chairman, said:
"I am pleased to report a year of progress in the fundamental competitiveness of Xansa. The financial results are in line with the management expectations set last September. The most important aspect of the last year has been the creation of a new Executive team under Alistair Cox, Chief Executive, who joined Xansa on 1 August 2002. The new team has undertaken a major strategic review of the business, has sharpened the investment focus and has streamlined the organisation, centred around client relationships, with profit accountability by country. The effect of the streamlining is a more efficient organisation with significant reductions in overhead costs."
Read full results:
