For the year ended 31 December 2008, unaudited results were as follows:

Continuing Operations 2008 2007 Pro Forma 2007 Actual Growth
ProForma Actual
Revenue (£m) 3,588 3,412 3,073 5% 17%
Adjusted operating profit (£m) 267 235 208 14% 28%
Adjusted operating margin 7.5% 6.9% 6.8%
Adjusted basic EPS (p) 12.3 10.2 21%
Dividend per share (p) 3.0 5.8 (48)%

Statutory Results: 2008 2007 Actual Growth
Actual
Operating profit (£m) 86 110 (22)%
Profit before tax (£m) 44 84 (48)%
Basic EPS (p) 2.7 5.4 (50)%

For definition of pro forma, adjusted operating profit, adjusted operating margin and adjusted basic EPS, see notes on page 19 of the attached PDF document.

Headlines1

Full year revenue growth ahead of guidance at 5%
Underpinned by strong growth at 7% in the Nordics and the UK, offsetting slower growth in the Netherlands and Germany
Public Sector and Energy and Utilities remained robust
Revenue from outsourcing at 32% of Group total
Continuing order momentum in the fourth quarter, with full year orders up 11% and group book to bill of 106%
Adjusted operating profit up 14% to £267 million
Adjusted operating margin up to 7.5%, in line with guidance
Strong cash conversion at 148%; net debt of £438 million at 31 December 2008 (£483 million at 31 December 2007) and net debt/EBITDA well within covenants at 1.3x following decisive action on financing in 2008
2008 full year dividend of 3.0p, in line with December rebasing of dividend level
Programme for Growth on track, with good progress made during 2008
Stronger customer focus delivering results, with improved pipeline and wins at StatoilHydro, Michelin, KPN, Reitan, Elexon, BT and the UK Home Office in 2008
Nearshore and offshore headcount over 5,000 at year end (from 3,450 in 2007
2008 cost savings ahead of plan at £25 million; 2009 cost savings further accelerated to £75 million
2010 annualised cost savings at £110 million (previously £80 million), with total Programme for Growth restructuring costs at £145 million (previously £110 million)
Commenting on today’s announcement, Andy Green, CEO, said:

“Logica had a successful 2008, achieving the financial targets we set out to shareholders while strengthening our management capability, implementing our strategy, and transforming the business around our key European customers.

“Our spread of customers and geographies, high penetration of more defensive sectors, and strong financial discipline position us well to weather the economic downturn. We see sound demand for our services, particularly outsourcing, despite the tough market conditions, as our investments position us to contest more, larger opportunities. We remain confident of our ability to outperform the IT services market in 2009 which is forecast to decline modestly.

“Looking further ahead, our close long term relationships with major European customers, deep industry knowledge, and our innovative and flexible culture will provide a robust platform for future growth.”