Paris, May 6, 2010: Capgemini Group reports consolidated revenues for the first quarter 2010 of €2,052 million – INR 118.9 billion:
- practically unchanged on the previous quarter (€2,049 million- INR 118.7 billion )
- slightly higher than revenues estimated in February
- but still 6.9% below 2009 first quarter revenues (€2,205 million – INR 127.7 billion)
On a like-for-like basis (constant Group structure and exchange rates), Group revenues reflect the following changes:
- by business, compared with the fourth quarter 2009, Consulting Services reported a marked increase (+3.3%), while Local Professional Services (Sogeti) remained almost stable (-0.9%). Conversely, Outsourcing Services reported a slump of 3.3%;
- by region, compared with the first quarter 2009, excluding the programmed and announced reduction in business volume with one of our major clients, North America reported growth of 3%, mainly due to the marked recovery in IT investment in the financial services sector. The United Kingdom continued to resist well to the economic crisis, reporting a drop in revenues of 3% despite the forecast decrease in business with another major client. France reported a drop in revenues (7.1%) close to the Group average, while Benelux reported revenues equal to only 82% of first quarter 2009 revenues, despite contracting to a lesser extent than in the previous quarter. The rest of Europe, the Asia/Pacific region and Latin America reported a moderate downturn (3.2% on average).
Bookings in the first quarter 2010 were in line with forecasts at €2,073 million. For the Consulting Services, Outsourcing Services and Local Professional Services businesses, the book-to-bill ratio was equal to 1.06 and in the North America region it was 1.30, confirming the more rapid recovery in this region.
The headcount increased 1% during the first quarter (to 91,792 employees) and the Group re-launched its dynamic recruitment policy.
This satisfactory start to 2010 strengthens the Groups determination to achieve performance levels in line with forecasts published in February: revenues for the fiscal year should report a slight contraction (of between -2 and -4% like-for-like), with an operating margin rate of between 6 and 6.5%.
For Paul Hermelin, Chief Executive Officer of Capgemini Group: “The global economic crisis impacted our industry late on, but signs of a recovery in corporate investment are multiplying. Thanks to the five global service lines set up at the end of 2009, we are ideally placed to benefit from this recovery and enjoy a return to growth in the second half”.
“India continues to grow in local and international business. We plan to hire over 7000 employees in H1 2010. Our headcount stands at 22744 as of March 31, 2010” said Salil Parekh, Executive Chairman, Capgemini India.
Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working, the Collaborative Business ExperienceTM. The Group relies on its global delivery model called Rightshore®, which aims to get the right balance of the best talent from multiple locations, working as one team to create and deliver the optimum solution for clients. Present in more than 30 countries, Capgemini reported 2009 global revenues of EUR 8.4 billion and employs 90,000 people worldwide.
More information is available at www.capgemini.com.
About Capgemini India
Capgemini in India is over 22,000 people strong across 7 cities (Mumbai, Bangalore, Hyderabad, Kolkata, Chennai, Pune and Delhi). A pioneer for the IT industry, Capgemini has over 40 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/win for more details on how we can help.