Capita plc (GB:CPI) has released an update.
Capita plc has reported a 9% decline in adjusted revenue for the first four months of 2024 compared to the same period in 2023, aligning with its predicted financial performance for the year. Despite the decrease, the company maintains a robust contract win rate of 77% and has secured significant contract renewals, including two with major European telecoms providers worth over £250m. The company is set to outline future strategic priorities, including cost reduction and technological advancements, at the upcoming Capital Markets Event on June 13, 2024.
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