By Kate Hanaghan, 16 February 2001 13:01
NEWS Turnover was up 7.3 per cent on 1999 from £1.41bn to £1.51bn. The results come after two profit warnings from the Anglo-French company. However, Sema said its strategic direction remains sound and it has embarked upon activities to improve performance. The company said it has put in place a detailed integration plan following its acquisition of telecoms company LHS, including the finalisation of a product development roadmap. Sema also said it is going to implement general and administrative cost-cutting measures across the group in the first half of this year. Earlier this week, it was announced that Schlumberger will acquire the company for £3.6bn.
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