Capgemini confirms objectives for 2011
10/11/2011
Capgemini said Consulting Services continued to report sustained growth.

Fuente: http://www.consultant-news.com  Fecha: 10.11.2011


Capgemini confirms objectives for 2011

Capgemini Group reported Q3 2011 consolidated revenues of €2,378 million, up 13.0% on published revenues for the same period last year.

Like-for-like growth is 4.7%, with the difference between the two rates mainly due to acquisitions by the Group during the last 12 months (particularly CPM Braxis in Brazil and Prosodie in France).

Capgemini said Consulting Services, Technology Services and Local Professional Services continued to report sustained growth, 6.1% on average, with the greatest increase recorded by Technology Services - 7.2%. Outsourcing Services reported an average rise of 2.7%, while BPO enjoyed remarkable growth of 20%.

North America revenues increased by 5.0%; France – which retains its position as the Capgemini’s leading country – reported improved revenue growth of 7.8% on the first-half of the year; the United Kingdom and Ireland region, still affected by public sector spending cuts, reported more moderate growth of 1.3%, while the other regions reported average growth of 10.4% (12.4% for the Nordic countries). Benelux was the only region to report a contraction in revenues (-5.7%), reflecting the economic crisis which continues to affect the Netherlands.

Bookings in the third quarter 2011 totalled €2,208 million: Outsourcing Services recorded a slight decrease in bookings (although it should be noted that Q3 2010 levels benefited from the early renewal of several major contracts), while Consulting Services, Technology Services and Local Professional Services saw their bookings increase 6.4% on average.

With respect to recruitment, Capgemini maintained the balance between the “historical” regions and “offshore” countries of the company, while focusing particularly on young graduates who accounted for half of all recruitments in the third quarter. The company had 43,931 offshore employees (including 35,413 in India) as of September 30, 2011, representing 37% of the total headcount at this date of 117,428 employees.

Despite current uncertainties regarding the economic environment in the coming quarters, Capgemini maintains its objective for fiscal year 2011 of • 9 to 10% growth in revenues on published figures (and of at least 5% like-for-like), and an improvement in the operating margin rate of over 0.5 points on 2010.