Capgemini posts stable first-quarter 2009 revenues
04/05/2009

Fuente:  www.consultant-news.com    Fecha:   04.05.2009

 The Capgemini Group posted consolidated revenues for first quarter 2009 of €2.205 billion, up 0.9% compared with the same year-ago period and down 0.3% like-for-like (constant Group structure and exchange rates).

Capgemini posts stable first-quarter 2009 revenues

Outsourcing Services advanced 1.1% and Technology Services edged up 0.4%; Sogeti declined 0.7% while Consulting Services retreated 9.8% on like-for-like basis.

The United Kingdom & Ireland put in a strong performance (up 7.0%), while revenues in France and Benelux shed 0.8% and 0.6%, respectively. Revenues recorded in North America were 6.9% lower than in the first quarter of 2008.

Bookings in first-quarter 2009 (excluding recent acquisition BAS BV) came in at €2.221 billion versus €2.172 billion in the prior-year period, like-for-like, and were boosted by a near-40% leap for Outsourcing Services. Although bookings weakened by 9% on average for the Group’s other three disciplines (Consulting, Technology and Local Professional Services) due to a wait-and-see approach to new project launches among clients, the book-to-bill ratio for these businesses nevertheless remained in positive territory at 1.04.

These results are in line with expectations and bolster Capgemini’s confidence in its guidance for the first half of 2009 that like-for-like revenues would see a modest decline of around 2% and that operating margin should remain above 6.5% (first-half 2008 operating margin was 7.6%).

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