“I joined the Executive Leadership Team of NHS Shared Business Services as interim Change Director to establish the new joint venture operation”
Financial Times – December 8 2006
The National Health Service’s move to outsource larger amounts of back office work to India helped Xansa achieve a modest rise in first-half revenues.
The IT services group said turnover from its public sector business, primarily a venture with the NHS, had risen 91 per cent year-on-year to £59.3m.
India has become an increasingly important part of Xansa’s strategy. The group has expanded rapidly in the subcontinent.
In addition to moving work from private sector clients such as Barclays to India, it has also looked to expand its business in the public sector.
Its largest business is a joint venture with the NHS, resulting in a growing amount of NHS back office work such as finance and accounting services also going to India. Xansa said yesterday its share in the venture’s loss for the period narrowed from £1.5m a year ago to £1.2m, adding that the venture would become profitable on a monthly basis by April.
Overall, turnover for the six months to October 31 rose 7.4 per cent to £188.4m. Pre-tax profit was up 13 per cent at £8.5m.
Alistair Cox, chief executive, said Xansa’s aim was to consolidate its leadership in key services by continuing to win new clients.
Since the end of the interim period, Xansa has won an £85m, 10-year deal with the BBC for outsourced services.
The group held its dividend at 1.08p, with earnings per share up from 1.94p to 2.09p.
Shares in Xansa closed 3½p higher at 78p.