Support services group Capita PLC (LON:CPI) reported a good start to 2016 but said it was facing delays in winning contracts.
Capita said it had won work worth £458mln in aggregate including a £139mln local council shared services deal and preferred bidder status to become technical services partner to Blackburn with Darwen council.
It also landed contracts with Debenhams, extensions of deals with companies such as Volkswagen and a deal with Air Berlin, a new client in a new industry sector.
But Capita added that decisions on some potential new contracts "are taking a little longer than expected to come through."
The group said internal growth in its divisions and steady contract wins gave it greater visibility and confidence of achieving target organic revenue growth of at least 4% this year,.
"We are on track to meet consensus expectations for 2016. We continue to manage the business to deliver strong EPS growth, cash flow and return on capital," it said.
Shares rose 43p, or 4.2%, to 1067p in early London trading.