Outsourcing firm Capita has seen profits rise in the past six months but revenues declined, worrying investors. The major contract win rate for Capita has increased from one in three to one in two as the company continues its restructure programme. Nick Greatorex, interim CEO of Capita said "We remain confident that these actions (the restructure) are making Capita a simpler business, well positioned for the future under new leadership."

More news from sourcingfocus: Middle East Must Address IT Staff Shortfall