Turnaround in America helps Logica
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.LOGICA, the software house, yesterday reported almost doubled taxable profits of pounds 7.1m for the year to 30 June on a marginal rise in turnover to pounds 200m.
The results reflect a sharp turnaround in North America thanks to cost-cutting and greater emphasis on marketing. There was an improved Far East contribution, but continental Europe slipped to a loss after a slowdown in Germany and the Netherlands.
The company said that the defence and government sectors showed significant growth but the financial sector remained weak.
Earnings per share jumped to 7p against a 1.6p loss last time. A final dividend of 2.5p lifts the total 4 per cent to 3.65p.
Despite tough overall trading conditions, Logica said growth prospects this year were good.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments