Strong growth in 2004 Third Quarter Revenue

Paris, November 9, 2004

Capgemini Group consolidated revenue for the third quarter of 2004 reached 1,613 million euros compared to 1,337 million for the third quarter of 2003 and 1,493 million for the second quarter of 2004.

(*) as published.

The turnaround which began in the first half of the year is now confirmed: at constant rates and perimeter, year on year revenue increased 12.7% (+16.7% in Europe and +2.8% in the United States).

Outsourcing has been a major driver to this growth, especially as the Inland Revenue (UK) and TXU (US) contracts came on line on July 1 st, 2004. With the recent award of the Schneider contract, that will enter into production in early 2005, Capgemini now enjoys a leading position in the transformation outsourcing space; in addition, the contract brings improved visibility on its business, including in the Project and Consulting arena. Outsourcing should represent around 35% of Group’s total revenue in the second half-year.

The Project and Consulting business showed a notable improvement: even though Consulting is still showing a year-on-year drop in revenues in the third quarter at constant rates and perimeter, the latter is significantly less than in the first half year (-11% versus -22%), whilst Technology is stabilizing (-1% versus -15%) and Local Professional Services (Sogeti/Transiciel) continues to grow at more or less the same rate as the previous quarter.

Third quarter bookings reached 1,276 million euros, including 988 million in the Project & Consulting business, which is itself an increase of 6% over the same period last year, despite a year-on-year fall in the first half.

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