Capita plc (GB:CPI) has released an update.
Capita plc, a prominent business process services provider, announced strategic plans to enhance efficiency, technology integration, and service delivery, aiming to improve financial performance and cash generation. The company is focusing on key business sectors, such for public services and contact centers, leveraging partnerships with technology giants, and aims to achieve improved medium-term targets including revenue growth and EBIT margins. The outlined strategy includes substantial cost savings, investment in technology, and a cultural shift towards profitability and sustainable cash flow, with no change to the 2024 financial guidance.
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