Investors piled into Capita after a cost-cutting plan offset some of the losses it racked up from the pandemic.
Around £100million was wiped off the government contractor’s turnover in the three months up to the end of September.
It brought in revenues of £803million, down from £902million in the same period last year.
But profits actually rose from £111million to £115million after it cut costs. In March the group said it would aim to trim its outgoings by £100million. Capita also confirmed it is still in talks to sell its education software business.
Thought to be worth around £500million, the division helps schools do everything from managing lunch payments to keeping in touch with parents.