Cambridge-based business process outsourcing (BPO) group Xchanging has reported "challenging" markets in a second-half trading statement, as clients continue to defer discretionary spending. But weakness in IT services has been offset by growth in the rest of the business, which is still trading ahead of last year, and management is on target to hit full-year earnings forecasts of around 15p a share.
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Contract wins include a five-year A$90-100m (£51m-£56m) deal with WorkCover New South Wales in Australia, and a four-year agreement with National Australian Group Europe. The integration of Indian outsourcing group Cambridge Solutions, acquired in April, remains on track for completion by the end of 2009.
When: 11 Sep 2009
Price: 226p
