Capita grew 14% in 2012 but IT business is under pressure

Capita, the UK services company, has reported a 14% increase in revenue to £3.4 billion during 2012.

However, the company's IT services division – which is its second largest by revenue – was "adversely affected by economic conditions", it said.

The company's total revenue from IT services and consulting for the year was £638 million, down 15% from £749 million in 2011.

Earlier this month, Capita moved to address its ailing IT business by acquiring Northgate Managed Services Limited for £65 million. In its report today, Capita said the acquisition "complements our existing IT services business, providing cloud-based infrastructure solutions and specialist managed services".

Capita's financial report rounded up some of the big IT contracts the company won during 2012. These include a deal to provide recruitment IT to the armed forces and a four year IT managed service contract with Southwark County Council.


Pete Swabey

Pete Swabey

Pete was Editor of Information Age and head of technology research for Vitesse Media plc from 2005 to 2013, before moving on to be Senior Editor and then Editorial Director at The Economist Intelligence...

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