Wednesday, Xchanging Plc (XCH.L), in its pre-close trading statement, said its board expects results for the year ending 31 December 2009 to be in line with market expectations. The company said that the current trading conditions remain challenging; however, it continues to see significant pent up demand for outsourcing services as the customers look to reduce costs and investment.
The company said its Board is confident that the actions taken will underpin Xchanging's growth prospects. An element of the savings generated is being reinvested in global sales operations, which will further enhance Xchanging's ability to pursue and implement large contract wins and will prepare the company to take advantage of an uplift in the market. The company said it remains confident that its expected plans for growth in 2010 will be delivered.
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