Text messaging is on the wane, warns Logica

Summary:Logica has warned investors that the boom in text messaging is slowing down. In a generally upbeat trading statement, the UK IT services company said that it expected to continue to achieve strong revenue growth and "continued margin improvement" this year.

Logica has warned investors that the boom in text messaging is slowing down.

In a generally upbeat trading statement, the UK IT services company said that it expected to continue to achieve strong revenue growth and "continued margin improvement" this year. However, it admitted that the slowdown in the mobile market would have an impact on the company.

"Our mobile networks business remains powerfully positioned globally and is by far the fastest growing business organically... however we are not seeing the stellar growth rates of the recent past," said Andrew Given, Logica's finance director. Given predicted that Logica's mobile networking business would continue to grow year-on-year. Full story.-- Graeme Wearden, ZDNet News U.K.

Topics: Networking

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