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Xansa sees rise after UK firms boost India arm
OUTSOURCING firm Xansa has reported a sharp jump in profits after its operations in India were used more by UK firms.
Profits rose from 6.7 million to 7.8m as the firm, which has its Scottish headquarters at Edinburgh Park, secured additional contracts and transferred increasing workloads to the sub- continent. The lower cost of the work meant its revenues decreased by 7.2 per cent year-on-year to 175.9m in the six months to October 31, but this was more than offset by improved margins, which grew from 5.6 per cent to 7.2 per cent.
In its interim report, Xansa said it had "migrated a significant volume" of existing work abroad in the last 12 months.
The workforce in central and southern India has increased by 20 per cent since April to 3383 with plans to expand further as chairman Bill Alexander said its Indian arm was becoming "increasingly important" to potential clients.
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Sunday 27 May 2012
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