BWI: Capgemini Reports Continued Revenue Growth in Q3 2012 and Confirmation of Group Objectives for 2012

Press release from Business Wire India
Source: Capgemini India Private Limited
Thursday, November 08, 2012 01:43 PM IST (08:13 AM GMT)
Editors: General: Consumer interest, People; Business: Business services, Financial Analyst, Information technology; Technology
--------------------------------------------------
Capgemini Reports Continued Revenue Growth in Q3 2012 and Confirmation of Group Objectives for 2012


Mumbai, Maharashtra, India, Thursday, November 08, 2012 -- (Business Wire India) -- Despite an uncertain economic context, Capgemini Group reports Q3 2012 consolidated revenues of ?2,523 million, up 6.1% on revenues (i.e. at current Group structure and exchange rates) for the same period last year and 1.0% like-for-like (i.e. at constant Group structure and exchange rates): the difference between the two rates is mainly due to favorable exchange rate effects.

Revenues

This growth in revenues breaks down as follows:

-- By business, Consulting Services, Technology Services and Local Professional Services reported average revenue growth of 1.3%, like-for-like. Technology Services (+3.4%) continued to grow at the same rate as last quarter, while Consulting Services and Local Professional Services (Sogeti) contracted (-4.0% and -2.4% respectively). Outsourcing Services reported growth of 0.5%.

-- By region, North America - which emerged as the Group's number one market in Q3 in revenue terms - continued to report excellent performance (+24.9% on published revenues and +10.9% like-for-likes). The United Kingdom and Ireland region enjoyed ongoing growth (+12.7% on published revenues and 1.4% like-for-like), with increases across all businesses more than offsetting the foreseen drop in revenues with the UK tax authorities. France reported a 4.0% drop in revenues in the quarter. Benelux revenues continued to fall (-13.8%), although measures taken by the Group from last September should enable a marked recovery in profitability in this region from 2013. The other regions reported average revenue growth of 3.9%, driven by the dynamism of the Asia Pacific region (+18.5%) and the Nordic countries (+10.7%).

Bookings recorded since the beginning of the year total ?7,173 million, down slightly on the same period in 2011. Bookings recorded by Consulting Services, Technology Services and Local Professional Services (Sogeti) are broadly stable.

As of September 30, 2012, the total headcount of the Group was 123,229, up 5% on one year previously. Capgemini recruited 30,000 new employees over the last 12 months. The headcount includes 47,943 offshore employees, representing 39% of the total headcount, including 38,731 in India at that date.

Bolstered by this solid performance, Capgemini confirms its objective of like-for-like growth in excess of 1% for the year as a whole and an increase in the operating margin over the whole year, in line with the general consensus.

For Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group, "Our continued revenue growth, the stabilization of prices and the rise in our headcount are all signs of our resilience, despite macro-economic fluctuations. The development of our offering portfolio towards high value-added segments and of our geographical mix in favor, primarily, of the United States, as well as the continuation of our offshore strategy, allow us to provide an optimal response to client demands."

Rightshore^® is a trademark belonging to Capgemini

About Capgemini India

Capgemini in India is around 40,000 people strong across 9 cities (Mumbai, Delhi, Bangalore, Hyderabad, Pune, Kolkata, Chennai, Trichy and Salem). A pioneer in the IT industry, Capgemini has over 45 years of global expertise collaborating with leading corporations and now brings the Consulting, Technology and Outsourcing experience to India. With dedicated teams to service the local markets, Capgemini has strong domain experience to assist clients across the Government and Public Sector, Energy and Utilities, Manufacturing, Telecom and Financial Services sectors and help them advance in their respective industries. Please visit www.in.capgemini.com for more details.

About Capgemini

With around 120,000 people in 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2011 global revenues of EUR 9.7 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model. Learn more about us at www.capgemini.com

For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Q3_Revenues.pdf
Revenues


CONTACT DETAILS
Merrin Netto John, Capgemini India, +91 (22) 67557000, merrin.netto-john@capgemini.com

KEYWORDS
CONSUMER, PEOPLE, BUSINESS SERVICES, Financial Analyst, IT, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com