New contracts drop at Capita

City A.M. Reporter
OUTSOURCING firm Capita yesterday reported a 20 per cent fall in the value of contracts won during the first four months of 2013 compared to last year, but said it still expects to deliver strong growth this year.

The firm, which runs IT and administrative services for other companies and the public sector, said it had secured four new major contracts worth £660m in the first 19 weeks of 2013, down from £823m in the same period a year ago.