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Steria reports good post-Xansa growth

20 Feb 2008 12:00 AM | Anonymous
French services group Steria has reported year-end 2007 revenues of €1.46 billion, up more than 12% year on year. Domestic revenues were up by 1.3% at €534.3 million. The company sees overall growth in line with the French services sector, but with improved profitability.

The recent acquisition of of Xansa has already contributed revenues of €110.5 million – eight percent of Steria's revenue – in two months of business. Steria has announced it will migrate fully from the Xansa brand in the next few months.

The company's UK market saw growth of six percent to €305.8 million. Steria claims the results now put it at number four in the UK public sector, but Ovum analysts rate it as being just outside the top ten.

Steria is rumoured to be one of a number of companies expected to tender for elements of the proposed ID card scheme, along with EDS, IBM, CSC, Fujitsu and Thales.

Like Atos Origin, Steria has been going through a business transformation programme, in this case aimed at a strategic move into smaller numbers of valued-added business deals, of which any services element of the ID card scheme would be a signature win.

Chairman and CEO Francois Enaud used his platform at the recent Nasscom conference in Mumbai to say that Steria plans to significantly grow its Indian operations, which account for more than one quarter of the group's total workforce.

Enaud said: “The Indian presence afforded to us by the acquisition of Xansa not only adds an important dimension to our blended delivery model, but also provides a considerable boost to our integrated solutions and services offering, including IT and BPO [business process outsourcing].”

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