APN News

  • Sunday, March, 2021| Today's Market | Current Time: 07:28:27
  • Uttar Pradesh: In the third quarter 2010, organic revenue growth was 5.2%, benefiting from a favourable comparison effect particularly in the United Kingdom and France. Growth remained strong in the Managed Services and Business Process Outsourcing businesses at 4.9%. The Consulting and Systems Integration businesses rebounded with growth of 5.3%. At 30 September 2010, the book to bill ratio was 1.03.

    In the United Kingdom, the third quarter 2010 saw organic revenue growth of 5.9%. Over this period, the environment was difficult given the particular situation regarding the UK government with the announcement of a moratorium on new IT spending and negotiations on existing contracts. These negotiations resulted in an agreement between the Group and the Cabinet Office and allowed the Group to envisage the conclusion of new business aimed at helping the government to achieve its cost-cutting objectives. At 30 September 2010, the pipeline was solid and represented 2.2 times expected annual revenue (similar to last year’s level).

    In France, the positive growth dynamic seen since the beginning of the year was confirmed during the third quarter with organic growth of 8.0%. This good performance was supported by significant commercial success and a continued increase in the pipeline which represented 3 times expected annual revenue at end September 2010 versus 2.1 times one year previously. Orders entry is expected to be strong for the fourth quarter and the organic growth for the year as a whole should exceed 4%.

    In Germany, the 4.3% organic decline in third quarter revenue is largely explained by deferred project start-ups in the public sector and delays in the deployment of new strategic solutions developed for the bank sector.

    In the Other Europe area, growth was dynamic and the situation in Spain markedly improved with a return to growth of 5.7%.