"Capita is having a successful year in respect of new major contracts and renewals, reflecting the operational track record of the Group and the demand for outsourcing across our target markets. Furthermore, we have made a series of acquisitions which are playing a key role in extending our capabilities and making a valuable contribution to our growth. However, this progress is somewhat counterbalanced by the prevailing pressure on spending which continues to affect adversely a small number of our trading activities and is also constraining discretionary additional revenue from existing clients. Taking these factors into account, we expect to achieve reasonable revenue growth for the full year and stable year on year margins."
