Capgemini incrementa su facturación un 10.5% en el primer trimestre 2015 gracias al fuerte crecimiento en Norte América

Paris – The Capgemini Group generated consolidated revenues of €2,764 million in the first quarter of 2015, up 10.5% at current Group structure and exchange rates compared to the first quarter of 2014. At constant Group structure and exchange rates, the growth of revenues is up 1.5%*.

For Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group: “In a slightly improved economic environment in Europe and despite the anticipated revenue decline generated by a major contract of the Group, Capgemini achieved a solid performance in the first quarter 2015.

Capgemini has taken advantage of its excellent performance in North America, where its revenue grew 11.7% on a like-for-like basis and 33.8% at current Group structure and exchange rates. Meanwhile, the regions of Asia Pacific and Latin America reported organic growth of 22.9%.

Capgemini Consulting has successfully achieved its turnaround by focusing on digital transformation. The business recorded a rebound in activity of 3.1% in Q1 15 after several consecutive quarters of decline.

Finally, we report a strong progression of 10.3% in bookings, confirming the alignment of our portfolio to customer demand. SMAC revenue grew by 22% YoY and represents 17% of Q1 revenues¹.

Innovation and industrialization remain at the heart of the Group’s priorities, they represent the two improvement levers to continually provide innovative and quality services to our customers.”
 

(*)The difference between thesetwo ratesis mainly due tothe integration of Euriware and the evolution of the U.S.dollarand the British pound sterling

OPERATIONS BY BUSINESS

On a like-for-like basis, Consulting services (4% of Group revenues) reported a revenue growth of 3.1%. Local professional services (Sogeti) (15% of Group revenues) are stable (+0.5%) and Application Services (57% of Group revenues) reported growth of 4.6%. Other managed services (24% of Group revenues) contracted by 5.1% due to the scheduled modification of the contract mentioned above.

OPERATIONS BY MAJOR REGION

On a like-for-like basis, North America reported a revenue growth of 11.7%. The United Kingdom and Ireland revenue contracted by 16.1%. France is a little more dynamic than during the second half of 2014 with an increase in revenues of 1.2%. Benelux is quasi stable with a progression of +0.9%. In the “Rest of Europe”, the growth is a little more buoyant, reported revenues were up 3.0%. Finally, the Asia-Pacific and Latin America region reported the fastest growth with +22.9%.

HEADCOUNT

On March 31, 2015, the total headcount of the Group was 147,016 employees. Offshore employees totaled 69,965, representing 48% of the total Group headcount. Furthermore, in April 2015 the Group crossed the 60,000 employees milestone in India.

NEW ORDERS

Bookings during first quarter of 2015 totaled €2 680 million, an increase of 10.3% on 2013 on a like-for-like basis.

2015 OUTLOOK

Based on the first quarter results, the Group raises its growth objectives for 2015: Capgemini forecasts a revenue growth, at current rates and perimeter, of at least 5% (although it had communicated a growth objective of 3% to 5% in February). Furthermore, the Group confirms that it is targeting an operating margin rate between 9.5% and 9.8%. Organic free cash flow is expected to exceed €600 million.

Appendix

Evolution in revenue by region:

 
 
Evolution in revenue by business (at constant Group structure and exchange rates):
 

 
 
Utilization rates (%):
 

[1] SMAC definition now also includes Digital Customer Experience.  Q1 14 SMAC revenues with the new definition represented 14% of Group revenues instead of 12% under the previous definition.