Logica Plc (LOG.L) said its first quarter revenue was 971 million pounds, down from 978 million pounds last year. On a pro forma basis, the company recorded revenues of 974 million pounds in the prior-year quarter.
Commenting on today's announcement, Andy Green, CEO, said,
"This is a solid performance underpinning our full year guidance. We have made good progress with clients in delivering against current contracts as well as winning and implementing new business. Our restructuring actions are fully on track and will help drive improvement in profitability in the second half."
The company noted that its full year revenue and margin guidance remains unchanged despite its expectation of a subdued second quarter given the impact of elections in several countries and a cautious economic outlook for its main markets. Full year revenue growth is expected to be in the range of -2% to +2% and Logica expects its full year 2012 operating margin to be above 6.5% even in tough market conditions.
Logica expects to deliver against its key 2012 objectives. The company's Benelux business will return to profit in 2012; Its Swedish business will deliver an improved margin and IM business will be strongly competitive going forward.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.