Strong Growth in Capgemini H1 2011 Revenues
The Board of Directors of Capgemini S.A, chaired by Serge Kampf, was convened in Paris on July 27, 2011 to review and authorize for issuing the accounts of Capgemini Group for the first half of 2011. The Group reports growth in published revenues (i.e. at current Group structure and exchange rates) in the first half of 2010 of 12.9%. Like-for-like growth (i.e. at constant Group structure and exchange rates) is 7.4% (6.4% in the first quarter and 8.4% in the second quarter).
Bookings in the first half of the year totalled euro5,205 million, roughly in line with the first half of 2010 (euro5,368 million) which was marked by the renewal or extension of several major outsourcing contracts. For the businesses most sensitive to the economic environment (Consulting Services, Technology Services and Local Professional Services), the book-to-bill ratio was 1.18 (1.27 for North America alone).
Aruna Jayanthi, CEO, Capgemini India, said, "With over 34,565 Capgemini employees based in India, we continue to support the Group's growth agenda for profitable growth. Through our Centres of Excellence based here, we provide high-end delivery capabilities and innovative solutions to our global and domestic clients."
The operating margin is 6.1%, compared to 5.8% last year, improving in line with the Group's expectations. Operating profit surged 20% to euro240 million. After a net financial expense of euro51 million and an income tax expense of euro70 million, Group's profit for the period is euro127 million, up nearly 26% in the first half of 2010.
Paul Hermelin, CEO, Capgemini Group, said, "The good growth in revenues during the first half of the year is the fruit of solid organic growth combined with a specifically targeted acquisition strategy, which strengthens the Group both in the short- and mid-term. In this context, we stepped up our recruitment of young employees and increased our headcount by nearly 5,600 employees."
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