14th Dec 2007 07:00
Xchanging PLC14 December 2007 14 December 2007 Xchanging plc Trading Update Xchanging plc ("Xchanging"), the international pure play business processoutsourcing (BPO) company, announces that its trading performance for the yearending 31 December 2007 is expected to be in line with expectations. Highlights of the second half of 2007 • The Retail Investment Account management Enterprise Partnership withAllianz Global Investors completed in November • The Sparda Bank Group and Netbank securities processing outsourcingcontract has been renewed for 7 years from October 2008 • Under the Business Support offering, a range of Insurance serviceshave been supplied to many of the leading US and European Insurers and the HRImmigration Services contract with Citi has been renewed • Product offerings have continued to perform well with the sale of theCentral Pricing Service to a number of German banks and a number of insurancesoftware sales being made in the UK and the US. Looking forward, there continue to be encouraging levels of activity as clientsseek higher efficiency and service levels. Based on the high degree ofvisibility of 2008 revenues from existing contracts and our pipeline ofopportunities, Xchanging looks forward to continued strong growth in the yearahead. Xchanging will announce its preliminary results for the year ended 31 December2007 on 25 February 2008. Contacts Xchanging plc: David Andrews, CEO Richard Houghton, CFO 13 Hanover Square, London W1S 1HN Phone: +44 (0) 20 7780 6999 Tulchan Communications: David Trenchard Stephen Malthouse Phone: +44 (20) 7353 4200 About Xchanging plc Xchanging is a leading international pure play business process outsourcingcompany providing industry specific processing to the banking and insuranceindustries and procurement, finance and accounting and human resources servicesto customers across industries. www.xchanging.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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