Executives and shareholders at British service provider Capita were given cause to celebrate recently, after the group announced an 11 per cent increase in pre-tax profit for the first half of 2015, supported by £1.6 billion in major contract wins.

The group also expects revenue growth to accelerate further throughout 2016, largely due to the substantial new contract agreed with the NHS back in June which will involve Capita transforming the health service’s back office operations.

Capita CEO Andy Parker told Reuters he expects the demand for outsourced IT administration to grow in the near future, particularly where the public sector is concerned.

"I still think there is a demand to improve administration efficiencies and drive cost savings for the public sector. I think it's still critical," he said. "The government announced earlier this month some pretty swingeing cuts to budgets - central government and across the wider public sector - and I think organisations like ours will continue to be one of the options that they will use to help them to drive out those savings."

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Related: NHS and Capita consider administrative cuts to achieve savings and frontline improvements