25th July 2012
Capita plc Half Year Results
Capita, the UK's leading business process outsourcing ('BPO') and professional services company, has made good progress in the first 6 months of 2012 with strong major sales performance in our key markets and good operating and financial results across the majority of the Group's businesses.
The market for outsourcing remains buoyant, particularly across the UK public sector where we are seeing a high level of sales activity. During H1 2012, we secured major long term contracts totalling £1.3bn (H1 2011: £1.1bn), of which 74% relates to new contract wins and 26% to contract renewals, maintaining an average win rate of 1 in 2. We have also actively replenished our bid pipeline which now stands at £4.1bn (February 2012: £4.6bn), demonstrating the quality and volume of opportunities across our 9 markets.