Xchanging boosts profits after busy first half

Xchanging, the back office outsourcing firm, had a busy first half building the foundations for renewed growth, with the results pointing to the first signs of this improvement.

Xchanging, the back office outsourcing firm, had a busy first half building the foundations for renewed growth, with the results pointing to the first signs of this improvement.

Revenue for the period edged higher from £322.0m to £322.7m, while adjusted operating profit jumped 15.9% from £13.8m to £16.0m, primarily driven by the impact of cost savings in the Financial Services sector and at the corporate centre.

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