French IT services company Steria has reported first-quarter revenues of €438.5 million (£349.7 million), up 38.3%. Domestic revenues were down 3.8% at €129.8 million (£103.5 million), while business in the UK was also down, by 2.5% – mainly because of the non-renewal of two major contracts. Germany, however, grew by 14.4% to €58.4 million (£46.6 million).

Outsourcing and BPO revenues increased by two percent to €175.7 million, (£140 million) accounting for 40% of overall business.

Ovum said that Steria's performance during the last quarter was still being affected by the integration Xansa, which it acquired last year.