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Capgemini sales jump 11% in 2011 as growth continues in 2012

IT services provider Capgemini increased its sales by over 11% in 2011 as high demand at the end of last year continued into 2012

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French IT services provider Capgemini increased sales by over 11% in 2011 compared to 2010.

Capgemini said high demand at the end of last year continued into 2012.

Capgemini's sales increased 11.4% to €9.6bn. Profits grew 21% to €595m.

The good demand levels witnessed at the end of last year have not weakened at the beginning of 2012 and activity trends remain positive in several major markets including North America,” said Capgemini.

But the IT services provider expects limited sales growth next year, citing a lack of visibility and uncertain economic factors.This will be affected by public sector spending cuts it said. In the UK, where public sector cuts were severe, Capgemini reported sales growth of 2%.

The company recruited nearly 33,000 employees in 2011 and now has a global workforce of 108,698. This includes 44,468 offshore employees, including 35,728 in India, representing 37% of the total.

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