Capgemini posts flat profits for first half of 2012

Capgemini has announced flat profits for its first half of 2012 at £153m, with sales up 2.3% to €5.15bn compared with the same period in 2011

Outsourcing giant Capgemini announced flat profits of €237m (£153m) for the first half of 2012, with like-for-like sales up 2.3% to €5.15bn compared with the same period in 2011.

In its report, the company said that despite the macro-economic uncertainties, it is on track to achieve flat organic growth for the year and is aiming for like-for-like growth of 1%.

Despite a listless macro-economic context, we have enjoyed a solid first half-year; the quality of bookings, in particular, demonstrates that the strategy to refocus our portfolio on high value-added services is bearing fruit," said Paul Hermelin, chairman and CEO of Capgemini. 

"In the second half of the year, the group is more than ever mobilised to meet our clients’ needs, with innovative offerings focused essentially on cloud computing, mobility, big data and solutions,” he said.

The UK and Ireland reported growth of 2.3%, with an increase in operating margin despite budget austerity in the public sector. The operating margin rate improved 0.7% on the first half of 2011 to 6.8%.

Total headcount of the group was 121,026, up 6% on last year, with the company having recruited 15,000 new employees in the first half of the year. Headcount includes 46,105 offshore employees, 37,000 of whom are in India.

Image: Hemera/Thinkstock

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