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28 June 2007
Xansa, the outsourcing and technology company, is pleased to announce its results for the full year ended 30 April 2007.
Financial Performance
| Summary | FY 2007 £ million | FY 2006 £ million | Change % |
| Revenue | 379.7 | 357.3 | 6.3% |
| Underlying operating profit* | 25.2 | 23.3 | 8.2% |
| Underlying operating margin* | 6.6% | 6.5% | 0.1% |
| Profit before tax** | 16.4 | 13.3 | 23.3% |
| Diluted Adjusted EPS* | 5.12p | 4.29p | 19.3% |
* Before exceptional items and share based payments, but including share of joint venture losses after tax
** Before exceptional items.
Business Highlights
Bill Alexander, Chairman and Interim Chief Executive, Xansa commented:
"I am pleased to report on a successful year for Xansa in which we delivered both revenue and profit growth. Our share of public sector business has continued to grow substantially and we have yet again retained our 100% success rate of contract renewals. During the year we have also expanded our service offering into areas such as Human Resource Outsourcing and have won new business with organisations including the BBC, Threshers, FSA and Transport for London. We continue to grow our presence in India with over 62% of our people now based in that country. Our offshore/onshore integrated delivery model continues to be a key differentiating factor for our business and an important competitive advantage.It has been a year of continuing success in the transition of our business from an onshore IT outsourcing provider to an integrated onshore/offshore business services provider and we continue to view our future and our prospects with confidence."
