Capgemini reports growth of 4.3%

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Capgemini reports growth of 4.3%

Kathleen Hall

Capgemini saw sales of €2.5bn (£2bn) in the first three months of its financial year, up 4.3% compared to the previous period last year.

The greatest increase in the French outsourcer’s business division was recorded in its technology services, which saw an increase of 6.6%. North America saw the highest increase, up 13% from last year driven by its Technology Services.

The UK and Ireland region recovered from last year, when growth was flat, reporting growth in revenues of 3.9%. This is higher than the growth rate reported in the previous four quarters, it said.

Paul Hermelin, CEO of Capgemini, said: “We will, of course, continue to closely monitor changes in the macro-economic environment, however the good level of demand in the first quarter 2012 in several of our major markets - particularly North America - reinforces our objectives of revenue growth and an improvement in the operating margin. The enhancement of our product portfolio is bearing fruit.”

Anthony Miller, co-founder of analyst company TechMarketView, said Capgemini’s results came off the back of a disappointing year for the outsourcing industry in 2011.

 “The growth reflects that last year was not good for the outsourcing market. The real telling will be when we see  how Capgemini’s peers have performed [over the next week].”

In March Rolls Royce awarded Capgemini a £1.3bn contract to manage its new multi-sourced strategy, as the company moves its business from being purely with HP.  

 


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