{"id":574688,"date":"2025-07-30T09:34:46","date_gmt":"2025-07-30T07:34:46","guid":{"rendered":"https:\/\/www.capgemini.com\/es-es\/?post_type=press-release&#038;p=574688"},"modified":"2025-09-03T13:06:12","modified_gmt":"2025-09-03T11:06:12","slug":"h1-2025-results","status":"publish","type":"press-release","link":"https:\/\/www.capgemini.com\/es-es\/noticias\/notas-de-prensa\/h1-2025-results\/","title":{"rendered":"Resultados primer semestre 2025"},"content":{"rendered":"\t\t<div class=\"wp-block-cg-blocks-hero-press-release\">\n\t\t\t<header class=\"header-hero-press-release\" role=\"main\" id=\"main-content-press-release\">\n\t\t\t\t<div class=\"container\">\n\t\t\t\t\t<div class=\"hero-press-release\">\n\t\t\t\t\t\t<div class=\"hero-press-release-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t<div class=\"col-12\">\n\t\t\t\t\t\t\t\t\t<div class=\"header-title\">\n\t\t\t\t\t\t\t\t\t\t<h1>\n\t\t\t\t\t\t\t\t\t\t\tResultados primer semestre 2025\t\t\t\t\t\t\t\t\t\t<\/h1>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"header-description\">\n\t\t\t\t\t\t\t\t\t\t<p><\/p>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"header-date\">\n\t\t\t\t\t\t\t\t\t\t<span>jul. 30, 2025<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"hero-press-release-downloads\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-12 col-md-6 col-lg-3\">\n\t\t\t\t\t\t\t\t\t\t\t<a class=\"download-item\" type=\"download\" href=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2025\/07\/Capgemini_-_2025-07-30_-_H1_2025_Results.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"Abrir en una nueva ventana\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-icon\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-details\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div 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col-md-6\">\n\t\t\t\t\t\t\t\t\t\t\t<a class=\"download-item\" type=\"download\" href=\"https:\/\/www.capgemini.com\/wp-content\/uploads\/2025\/07\/Capgemini_Q2_2025_Infographics_ENG.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"Abrir en una nueva ventana\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-icon\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-details\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-title\">Download Q2 infographics<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-props\">118 KB  pdf<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/header>\n\t\t<\/div>\n\t\t\n\n\n<section class=\"wp-block-cg-blocks-group undefined section section--article-content\"><div class=\"article-main-content\"><div class=\"container\"><div class=\"row\"><div class=\"col-12 col-md-1\"><nav class=\"article-social\"><ul class=\"social-nav\"><li class=\"ip-order-fb\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?=http:\/\/capgeminiucwe.develop\/?post_type=press-release&amp;p=179\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"abrir en una nueva ventana\"><i aria-hidden=\"true\" class=\"icon-fb\"><\/i><span class=\"sr-only\">Facebook<\/span><\/a><\/li><li class=\"ip-order-tw\"><a href=\"https:\/\/twitter.com\/intent\/tweet?=http:\/\/capgeminiucwe.develop\/?post_type=press-release&amp;p=179\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"abrir en una nueva ventana\"><i aria-hidden=\"true\" class=\"icon-tw\"><\/i><span class=\"sr-only\">Twitter<\/span><\/a><\/li><li class=\"ip-order-li\"><a href=\"https:\/\/www.linkedin.com\/shareArticle?=http:\/\/capgeminiucwe.develop\/?post_type=press-release&amp;p=179\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"abrir en una nueva ventana\"><i aria-hidden=\"true\" class=\"icon-li\"><\/i><span class=\"sr-only\">Linkedin<\/span><\/a><\/li><\/ul><\/nav><\/div><div class=\"col-12 col-md-11 col-lg-10\"><div class=\"article-text article-quote-text\">\n<ul class=\"wp-block-list\">\n<li><strong>H1 2025 revenues of \u20ac11,107 million, -0.3% year-on-year on a reported basis<\/strong><\/li>\n\n\n\n<li><strong>Growth at constant exchange rates* of +0.2% in H1 and +0.7% in Q2<\/strong><\/li>\n\n\n\n<li><strong>Operating margin* at 12.4%, stable year-on-year<\/strong><\/li>\n\n\n\n<li><strong>Organic free cash flow* of \u20ac60 million<\/strong><\/li>\n\n\n\n<li><strong>Updated 2025 financial targets<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Constant currency revenue growth of -1.0% to +1.0% (was -2.0% to +2.0%);<\/strong><\/li>\n\n\n\n<li><strong>Operating margin of 13.3% to 13.5% (unchanged);<\/strong><\/li>\n\n\n\n<li><strong>Organic free cash flow of around \u20ac1.9 billion (unchanged).<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Share buyback program of \u20ac2 billion<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong><em>Paris, July 30, 2025 \u2013 <\/em><\/strong>The Board of Directors of Capgemini SE, chaired by Paul Hermelin, convened yesterday in Paris to review and adopt the accounts<a href=\"#_ftn1\" id=\"_ftnref1\"><sup>[1]<\/sup><\/a> of <a href=\"https:\/\/www.capgemini.com\/\">Capgemini<\/a> Group for the first half of 2025.<\/p>\n\n\n\n<p>Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: <em>\u201cThe Group\u2019s performance continued to improve in Q2. Momentum was positive in North America, the UK and APAC &amp; LatAm and stable in Continental Europe, including France. Our bookings were solid, with a strong book-to-bill ratio of 1.08, and the operating margin was stable at 12.4%. In a challenging environment, our performance in H1 demonstrates the resilience of the Group\u2019s operating model.<\/em><\/p>\n\n\n\n<p><em>Client demand continues to be driven by efficiency and cost optimization. We benefit from good traction in cloud, data &amp; AI and digital core and have built a strong pipeline in generative and agentic AI, which accounted for more than 7% of Group bookings in Q2. On this front, we launched our <\/em><a href=\"https:\/\/www.capgemini.com\/news\/press-releases\/capgemini-unveils-strategic-ai-framework-to-turn-enterprise-ambition-into-measurable-business-impact\/\"><em>Resonance AI Framework<\/em><\/a><em> and further enhanced our AI offerings and partnerships with major players such as Mistral AI and SAP. Demand is increasing in the emerging areas of defense and sovereignty, as well as in digital business process services primarily driven by intelligent operations.<\/em><\/p>\n\n\n\n<p><em>Going into Q3, we see some stability in the environment, while we retain our cautious stance to account for the uncertainty created by geopolitical tensions and a slow economy. In this context and on the strength of this resilient H1 performance, we narrow the range of our constant currency growth outlook for the year to between -1 and +1%.\u201d<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-1-st-half-key-figures\">1<sup>ST <\/sup>HALF KEY FIGURES<\/h4>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"380\" width=\"1024\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image.png?w=960\" alt=\"\" class=\"wp-image-574697\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image.png 1184w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image.png?resize=300,111 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image.png?resize=768,285 768w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image.png?resize=1024,380 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Capgemini generated <strong>revenues <\/strong>of \u20ac11,107 million in H1 2025, slightly down -0.3% year-on-year on a reported basis and up +0.2% at constant exchange rates<sup>*<\/sup>.<\/p>\n\n\n\n<p>As anticipated, demand remained soft in a volatile economic environment. Following the implementation of targeted actions announced at the end of Q3 2024, revenue growth rate gradually improved over the period and the Group returned to positive constant currency growth in Q2 at +0.7% year-on-year.<\/p>\n\n\n\n<p>In the first half of the year, clients remained focused on driving efficiency through cost transformation programs and discretionary spend was still muted. In that context, Capgemini continues to enjoy strong traction in Cloud, Data &amp; AI and Digital Core. In addition, the Group starts to see in its pipeline growing momentum from Defense and Sovereignty, Generative AI and Agentic AI, and Intelligent Operations.<\/p>\n\n\n\n<p><strong>Bookings<\/strong> totaled \u20ac11,993 million in the first half of 2025, up +2.1% year-on-year at constant exchange rates, leading to a strong book-to-bill ratio of 1.08 for the period.<\/p>\n\n\n\n<p>The <strong>operating margin<sup>*<\/sup><\/strong> amounts to \u20ac1,377 million or 12.4% of revenues, stable year-on-year which demonstrates the resilience of the Group\u2019s operating model in a challenging environment.<\/p>\n\n\n\n<p><strong>Other operating income and expenses <\/strong>represent a net expense of \u20ac401 million, up by \u20ac164 million year-on-year. This was notably driven by higher restructuring costs in the first half of the year compared with last year\u2019s pattern, at \u20ac136 million in H1 2025 vs. \u20ac53 million in H1 2024.<\/p>\n\n\n\n<p>Consequently, the <strong>operating profit<\/strong> amounts to \u20ac976 million and 8.8% of Group revenues, down year-on-year by -1.5 points.<\/p>\n\n\n\n<p><strong>Net financial result<\/strong> is an income of \u20ac16 million compared with \u20ac20 million in H1 2024. <\/p>\n\n\n\n<p>The <strong>income tax<\/strong> expense is \u20ac260 million, down by \u20ac66 million. The effective tax rate is 26.2% in H1 2025, compared with 28.0% for the same period last year.<\/p>\n\n\n\n<p>Taking into account the share of profits of associates and non-controlling interests, the <strong>Group share in<\/strong> <strong>net profit <\/strong>for H1 2025 is down -13% year-on-year at \u20ac724 million. <strong>Basic earnings per share <\/strong>is \u20ac4.26, compared to \u20ac4.88 for the same period last year. <strong>Normalized earnings per share<a><sup>*<\/sup><\/a><\/strong> stands at \u20ac6.00, up +2% compared to H1 2024.<\/p>\n\n\n\n<p>Finally, <strong>organic free cash flow<sup>*<\/sup><\/strong> generation amounted to \u20ac60&nbsp;million in H1 2025, compared with \u20ac163 million for the same period last year. In line with its capital allocation policy, the Group paid in H1 2025 dividends of \u20ac578 million (\u20ac3.40 per share) for the fiscal year 2024.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">OPERATIONS BY REGION<\/h4>\n\n\n\n<p>At constant exchange rates, revenues in the <strong>North America<\/strong> region (28% of 2024 Group revenues) increased by +1.6% year-on-year. Growth was driven by the Financial Services, TMT (Telecoms, Media and Technology) and Energy &amp; Utilities sectors. Operating margin increased to 16.3%, compared with 15.5% in H1 last year.<\/p>\n\n\n\n<p>Revenues in the <strong>United Kingdom and Ireland<\/strong> region (12% of 2024 Group revenues) increased by +6.0%, fueled by growth across all sectors. The Energy &amp; Utilities, TMT and Financial Services sectors recorded the strongest growth. Operating margin decreased from 20.5% in H1 2024 to 18.1%.<\/p>\n\n\n\n<p>Revenues in <strong>France<\/strong> (20% of 2024 Group revenues) declined by -5.0% year-on-year. Growth in the resilient Public Sector and TMT sector was more than offset by visible softness in the Manufacturing and Consumer Goods &amp; Retail sectors. Operating margin increased from 9.1% in H1 last year to 10.0%.<\/p>\n\n\n\n<p>Revenues in the <strong>Rest of Europe<\/strong> region (31% of 2024 Group revenues) declined by -2.3%. This decline reflects the lower activity in the Manufacturing sector and softness in Consumer Goods &amp; Retail while all the other sectors are either stable or growing. Operating margin declined to 10.4%, compared with 11.1% in H1 2024.<\/p>\n\n\n\n<p>Finally, revenues in the <strong>Asia-Pacific and Latin America<\/strong> region (9% of 2024 Group revenues) were up +8.7%. This growth was mainly driven by the strong performance of the Financial Services sector that enjoyed double-digit growth. The Consumer Goods &amp; Retail sector in Latin America and the TMT sector in Asia-Pacific also posted solid growth over the period. The region reported an operating margin of 10.1%, slightly down from 10.5% in H1 last year.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">OPERATIONS BY BUSINESS&nbsp;<\/h4>\n\n\n\n<p>At constant exchange rates, total revenues*<strong> <\/strong>of <strong>Strategy &amp; Transformation<\/strong> services (9% of 2024 Group revenues) grew by +1.3% year-on-year.<\/p>\n\n\n\n<p>Total revenues of<strong> Applications &amp; Technology<\/strong> services (62% of 2024 Group revenues and Capgemini\u2019s core business) increased by +2.6%.<\/p>\n\n\n\n<p>Lastly, <strong>Operations &amp; Engineering<\/strong> (29% of 2024 Group revenues) total revenues decreased by -1.5%.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">OPERATIONS IN Q2 2025<\/h4>\n\n\n\n<p>Bookings reached \u20ac6,109 million in Q2, up +1.5% year-on-year at constant currency and the book-to-bill ratio was a solid 1.10 reflecting ongoing robust commercial momentum.<\/p>\n\n\n\n<p>Group revenues totaled \u20ac5,554&nbsp;million in Q2 2025, up +0.7% year-on-year at constant exchange rates. Revenue growth rates were stable or continued to gradually improve compared to the previous quarter across all regions, businesses and almost all sectors. Financial Services and TMT sectors recorded their 5<sup>th<\/sup> consecutive quarter of acceleration to reach mid-single digit constant currency growth. By business, the strongest improvement came from Operations &amp; Engineering, fueled by improvement across all its business lines, particularly in Business Services which recorded high-single digit growth.<\/p>\n\n\n\n<p>By region, North America benefited from the continued acceleration in Financial Services and TMT sectors, as well as the recovery in the Manufacturing sector which brought Q2 revenue growth to +2.4% at constant exchange rates.<\/p>\n\n\n\n<p>Revenues in the United Kingdom and Ireland region further accelerated on Q1, up +8.0%, with growth across all sectors.<\/p>\n\n\n\n<p>As anticipated, revenue growth rate in France remained stable compared to Q1 2025, reporting a -5.0% decline, driven by the lower activity in the Consumer Goods &amp; Retail and Manufacturing sectors.<\/p>\n\n\n\n<p>The Rest of Europe region posted a revenue decline of -2.3%, as the growth in Energy &amp; Utilities, Services and Public sectors was more than offset by the weakness in the Manufacturing and Consumer Good &amp; Retail sectors.<\/p>\n\n\n\n<p>Finally, revenues in the Asia-Pacific and Latin America region enjoyed solid growth momentum with revenues up +9.7% benefiting from the Group dynamics in Financial Services and TMT.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">HEADCOUNT<\/h4>\n\n\n\n<p>The Group\u2019s total headcount stands at 349,400 as at June 30, 2025, up by 12,500 year-on-year and by 6,700 compared to the end of March 2025. The offshore headcount stands at 206,400 employees or 59% of the total headcount.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">BALANCE SHEET<\/h4>\n\n\n\n<p>Capgemini\u2019s balance sheet structure as at June 30, 2025 was relatively unchanged compared with the one as at June 30, 2024.<\/p>\n\n\n\n<p>Cash and cash equivalents and cash management assets represent \u20ac2.4&nbsp;billion as at June 30, 2025. Taking into account total borrowings of \u20ac5.2 billion, Capgemini\u2019s net debt<sup>*<\/sup> stands at \u20ac2.8 billion as at June 30, 2025, compared with \u20ac2.8 billion as at June 30, 2024 and \u20ac2.1 billion as at December 31, 2024.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">ACQUISITION OF WNS<\/h4>\n\n\n\n<p>On 7 July 2025, Capgemini and WNS (NYSE: WNS), a leading digital-led business transformation and services company, announced that they have entered into a definitive transaction agreement pursuant to which Capgemini will acquire WNS for a cash consideration of 76.50 USD per WNS share. This transaction aims at creating a global leader in Agentic AI-powered Intelligent Operations.<\/p>\n\n\n\n<p>The transaction will be accretive to Capgemini\u2019s normalized EPS by 4% before synergies in 2026 and 7% post synergies in 2027. The transaction has been unanimously approved by both Capgemini\u2019s and WNS\u2019 Boards of Directors and is subject to approval by the Royal Court of Jersey and WNS\u2019 shareholders, as well as to receipt of customary regulatory approvals and other conditions. The closing of the transaction is expected to occur by the end of the year.<\/p>\n\n\n\n<p>Capgemini has secured a bridge financing of \u20ac4.0 billion, covering the purchase of securities ($3.3 billion), as well as the gross debt and similar obligations<a id=\"_ftnref1\" href=\"#_ftn1\">[2]<\/a> of around $0.4 billion and the \u20ac0.8 billion Capgemini bond redeemed in June 2025.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">SHARE BUYBACK PROGRAM<\/h4>\n\n\n\n<p>The Board of Directors of Capgemini SE has approved a multi-year share buyback program of \u20ac2 billion. This new program is being launched after the previous multi-year program was fully utilized and will be essentially funded by Capgemini\u2019s organic free cash-flow. This share buyback program is within the scope of the authorization granted by the Shareholders\u2019 General Meeting of May 7, 2025.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">SUSTAINABILITY<\/h4>\n\n\n\n<p>In May this year, Capgemini updated its ESG policy and objectives initially set in 2021, reinforcing its commitment to sustainable growth, responsible business practices and corporate accountability. The updated policy builds on the 8 priorities previously defined, adding a 9th focused on ethics, and outlines 14 objectives vs. 11 in the initial version. As part of its ESG policy set in 2021, the Group has already reached many objectives and will continue to build on this momentum through its updated ESG Policy.<\/p>\n\n\n\n<p>The Group has also continued to progress on its sustainability journey. In terms of environmental sustainability, Capgemini was recognized again by an Ecovadis Platinum rating in recognition of its sustainability achievements, with an overall score of 87 points out of 100, remained part of the CDP (Carbon Disclosure Project) A-List and maintained the Prime status and B rating in the ISS ESG Corporate Rating.<\/p>\n\n\n\n<p>In terms of inclusion, the Group reaffirmed its commitment towards building Inclusive Futures for All. To date, over 30,000 Capgemini employees have actively taken part in Inclusion Circles &#8211; employee-driven groups in which they share experiences, perspectives and questions around inclusivity in the workplace. The Group also launched the Positive Future Platform, its new volunteering hub that unifies all volunteering efforts, and a fifth global Employee Network Group called EnvironmentALL, to act and learn collectively to protect the environment. Lastly, the Group has been recognized once again as \u201cBest Place to Work for Disability Inclusion\u201d by DisabilityIN and received the Equileap Gold Seal recognizing its progress on advancing gender equality in the workplace.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">OUTLOOK<\/h4>\n\n\n\n<p>The Group\u2019s financial targets for 2025 are updated as follows, and do not include the proposed acquisition of WNS:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue growth of -1.0% to +1.0% at constant currency (was -2.0% to +2.0%);<\/li>\n\n\n\n<li>Operating margin of 13.3% to 13.5% (unchanged);<\/li>\n\n\n\n<li>Organic free cash flow of around \u20ac1.9 billion (unchanged).<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">CONFERENCE CALL<\/h4>\n\n\n\n<p>Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this publication during a conference call in English to be held <strong>today at 8.00 a.m. Paris time (CET)<\/strong>. You can follow this conference call live via webcast at the following <a href=\"https:\/\/edge.media-server.com\/mmc\/p\/r86ef5cq\">link<\/a>. A replay will also be available for a period of one year.<\/p>\n\n\n\n<p>All documents relating to this publication will be posted on the Capgemini investor website at <a href=\"https:\/\/investors.capgemini.com\/en\/\">https:\/\/investors.capgemini.com\/en\/<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">PROVISIONAL CALENDAR<\/h4>\n\n\n\n<p>October 28, 2025&nbsp;&nbsp;&#8211;&nbsp; Q3 2025 revenues<\/p>\n\n\n\n<p>February 13, 2026&nbsp;&#8211;&nbsp; FY 2025 results<\/p>\n\n\n\n<p>April 30, 2026&nbsp;&nbsp;&#8211; Q1 2026 revenues<\/p>\n\n\n\n<p>May 20, 2026&nbsp;&nbsp;&#8211;&nbsp; Shareholders\u2019 Meeting<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">DISCLAIMER<\/h4>\n\n\n\n<p>This press release may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and\/or expectations with respect to future financial results, events, operations and services and product development, as well as statements, regarding future performance or events. Forward-looking statements are generally identified by the words \u201cexpects\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201cintends\u201d, \u201cestimates\u201d, \u201cplans\u201d, \u201cprojects\u201d, \u201cmay\u201d, \u201cwould\u201d, \u201cshould\u201d or the negatives of these terms and similar expressions. Although Capgemini\u2019s management currently believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking statements are subject to various risks and uncertainties (including, without limitation, risks identified in Capgemini\u2019s Universal Registration Document available on Capgemini\u2019s website), because they relate to future events and depend on future circumstances that may or may not occur and may be different from those anticipated, many of which are difficult to predict and generally beyond the control of Capgemini. Actual results and developments may differ materially from those expressed in, implied by or projected by forward-looking statements. Forward-looking statements are not intended to and do not give any assurances or comfort as to future events or results. Other than as required by applicable law, Capgemini does not undertake any obligation to update or revise any forward-looking statement.<\/p>\n\n\n\n<p>This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.<strong><\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">ABOUT CAPGEMINI<\/h4>\n\n\n\n<p>Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 350,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of \u20ac22.1 billion.<\/p>\n\n\n\n<p><em>Get the Future You Want<\/em> | <em>&nbsp;<\/em><a href=\"http:\/\/www.capgemini.com\/#_blank\">www.capgemini.com<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-appendix-3\"><strong>APPENDIX<\/strong><a id=\"_ftnref1\" href=\"#_ftn1\"><strong>[3]<\/strong><\/a><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\">BUSINESS CLASSIFICATION<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Strategy &amp; Transformation <\/strong>includes all strategy, innovation and transformation consulting services.<\/li>\n\n\n\n<li><strong>Applications &amp; Technology <\/strong>brings together \u201cApplication Services\u201d and related activities and notably local technology services.<\/li>\n\n\n\n<li><strong>Operations &amp; Engineering <\/strong>encompasses all other Group businesses. These comprise Business Services (including Business Process Outsourcing and transaction services), all Infrastructure and Cloud services, and R&amp;D and Engineering services.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">DEFINITIONS<\/h4>\n\n\n\n<p><strong>Year-on-year revenue growth at constant exchange rates<\/strong> is calculated&nbsp;by comparing revenues for the reported period with those of the same period of the previous year restated with the exchange rates of the reported period.<\/p>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"181\" width=\"1024\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_30ac13.png?w=960\" alt=\"\" class=\"wp-image-574698\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_30ac13.png 1076w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_30ac13.png?resize=300,53 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_30ac13.png?resize=768,136 768w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_30ac13.png?resize=1024,181 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>When determining activity trends by business and in accordance with internal operating performance measures, growth at constant exchange rates is calculated based on <strong>total revenues<\/strong>, i.e., before elimination of inter-business billing. The Group considers this to be more representative of activity levels by business. As its businesses change, an increasing number of contracts require a range of business expertise for delivery, leading to a rise in inter-business flows.<\/p>\n\n\n\n<p><strong>Operating margin<\/strong> is one of the Group\u2019s key performance indicators. It is defined as the difference between revenues and operating costs. It is calculated before \u201cOther operating income and expenses\u201d which include amortization of intangible assets recognized in business combinations, expenses relative to share-based compensation (including social security contributions and employer contributions) and employee share ownership plan, and non-recurring revenues and expenses, notably impairment of goodwill, negative goodwill, capital gains or losses on disposals of consolidated companies or businesses, restructuring costs incurred under a detailed formal plan approved by the Group\u2019s management, the cost of acquiring and integrating companies acquired by the Group, including earn-outs comprising conditions of presence, and the effects of curtailments, settlements and transfers of defined benefit pension plans.<\/p>\n\n\n\n<p>Normalized net profit is equal to profit for the year (Group share) adjusted for the impact of items recognized in \u201cOther operating income and expense\u201d, net of tax calculated using the effective tax rate. <strong>Normalized earnings per share <\/strong>is computed like basic earnings per share, i.e., excluding dilution.<\/p>\n\n\n\n<p><strong>Organic free cash flow <\/strong>is equal to cash flow from operations less acquisitions of property, plant, equipment and intangible assets (net of disposals) and repayments of lease liabilities, adjusted for cash out relating to the net interest cost.<\/p>\n\n\n\n<p><strong>Net debt<\/strong> (or <strong>net cash<\/strong>) comprises (i) cash and cash equivalents, as presented in the Consolidated Statement of Cash Flows (consisting of short-term investments and cash at bank) less bank overdrafts, and also including (ii) cash management assets (assets presented separately in the Consolidated Statement of Financial Position due to their characteristics), less (iii) short- and long-term borrowings. Account is also taken of (iv) the impact of hedging instruments when these relate to borrowings, intercompany loans, and own shares.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-results-by-region\">RESULTS BY REGION<\/h4>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"292\" width=\"1024\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_1f9db2.png?w=960\" alt=\"\" class=\"wp-image-574699\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_1f9db2.png 1419w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_1f9db2.png?resize=300,85 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_1f9db2.png?resize=768,219 768w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_1f9db2.png?resize=1024,292 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-operations-by-business\">OPERATIONS BY BUSINESS<\/h4>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"837\" height=\"266\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_3da959.png\" alt=\"\" class=\"wp-image-574700\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_3da959.png 837w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_3da959.png?resize=300,95 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_3da959.png?resize=768,244 768w\" sizes=\"auto, (max-width: 837px) 100vw, 837px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-summary-income-statement-and-operating-margin\">SUMMARY INCOME STATEMENT AND OPERATING MARGIN<\/h4>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"427\" width=\"1024\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b14657.png?w=960\" alt=\"\" class=\"wp-image-574701\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b14657.png 1187w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b14657.png?resize=300,125 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b14657.png?resize=768,320 768w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b14657.png?resize=1024,427 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-normalized-and-diluted-earnings-per-share\">NORMALIZED AND DILUTED EARNINGS PER SHARE<\/h4>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"517\" width=\"1024\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b94b8d.png?w=960\" alt=\"\" class=\"wp-image-574702\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b94b8d.png 1197w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b94b8d.png?resize=300,151 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b94b8d.png?resize=768,388 768w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_b94b8d.png?resize=1024,517 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-change-in-cash-and-cash-equivalents-and-organic-free-cash-flow\">CHANGE IN CASH AND CASH EQUIVALENTS AND ORGANIC FREE CASH FLOW<\/h4>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"385\" width=\"1024\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a10af5.png?w=960\" alt=\"\" class=\"wp-image-574703\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a10af5.png 1281w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a10af5.png?resize=300,113 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a10af5.png?resize=768,289 768w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a10af5.png?resize=1024,385 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-net-debt\">NET DEBT<\/h4>\n\n\n\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"379\" width=\"1024\" src=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a8a831.png?w=960\" alt=\"\" class=\"wp-image-574704\" srcset=\"https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a8a831.png 1425w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a8a831.png?resize=300,111 300w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a8a831.png?resize=768,284 768w, https:\/\/www.capgemini.com\/es-es\/wp-content\/uploads\/sites\/16\/2025\/07\/image_a8a831.png?resize=1024,379 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>* The terms and Alternative Performance Measures marked with an (*) are defined and\/or reconciled in the appendix to this press release.<br><a id=\"_ftn1\" href=\"#_ftnref1\">[1]<\/a> Limited review procedures on the interim consolidated financial statements have been completed. The auditors are in the process of issuing their report.<br><a id=\"_ftn1\" href=\"#_ftnref1\">[2]<\/a> Including considerations to be paid in connection with Restricted Share Units<br><a id=\"_ftn1\" href=\"#_ftnref1\">[3]<\/a> Note that in the appendix, certain totals may not equal the sum of amounts due to rounding adjustments.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/section>\n\n\n<div class=\"wp-block-cg-blocks-cg-block-related-content\"><section class=\"relatedContentBlock\"><div class=\"container\"><div class=\"row\"><div class=\"content-title col-12 col-md-8\"><h2 class=\"related-content-heading\">Related news<\/h2><\/div><\/div><div class=\"row relatedContent\"><div class=\"col-lg-4 col-md-6 col-xs-12\">\n\t\t\t\t\t\t\t<div class=\"box\">\n\t\t\t\t\t\t\t\t<a aria-label=\"Saber m\u00e1s sobre Resultados del a\u00f1o 2025\" href=\"https:\/\/www.capgemini.com\/es-es\/noticias\/notas-de-prensa\/resultados-2025\/\" class=\"anchorWrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"box-tag\"><span>Financial news<\/span><\/span>\n\t\t\t\t\t\t\t\t\t<div class=\"box-title\"><h3 class=\"box-subtitle\">Resultados del a\u00f1o 2025<\/h3><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"box-date\">\n\t\t\t\t\t\t\t\t\t\t<span>Feb 13, 2026<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"box-bottom\">\n\t\t\t\t\t\t\t\t\t\t&lt;a class=&quot;link-download&quot; 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href=&quot;https:\/\/www.capgemini.com\/wp-content\/uploads\/2025\/04\/Capgemini_-_2025-04-29_-_2025_Q1_Revenues.pdf&quot; aria-label=&quot;Download Press Release&quot; target=&quot;_blank&quot;  type=&quot;download&quot; title=&quot;Opens in a new window&quot;&gt;\n\t\t\t\t\t\t\t&lt;span&gt;Descargar nota de prensa&lt;\/span&gt;\n\t\t\t\t\t\t\t&lt;span&gt;183 KB PDF&lt;\/span&gt;\n\t\t\t\t\t\t&lt;\/a&gt;\n\t\t\t\t\t\t\t\t\t\t<a class=\"more\" aria-label=\"Saber m\u00e1s sobre Resultados primer trimestre 2025\" href=\"https:\/\/www.capgemini.com\/es-es\/noticias\/notas-de-prensa\/q1-2025-revenues\/\">Saber m\u00e1s sobre<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div><\/div><\/div><\/section><\/div>","protected":false},"excerpt":{"rendered":"<p>Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: \u201cThe Group\u2019s performance continued to improve in Q2. Momentum was positive in North America, the UK and APAC &#038; LatAm and stable in Continental Europe, including France.<\/p>\n","protected":false},"author":202,"featured_media":0,"template":"","meta":{"cg_dt_proposed_to":[],"cg_seo_hreflang_relations":"[]","cg_seo_canonical_relation":"","cg_seo_hreflang_x_default_relation":"","cg_dt_approved_content":true,"cg_dt_mandatory_content":false,"cg_dt_notes":"","cg_dg_source_changed":true,"cg_dt_link_disabled":false,"footnotes":"","related_resource_url":"https:\/\/www.capgemini.com\/wp-content\/uploads\/2025\/07\/Capgemini_-_2025-07-30_-_H1_2025_Results.pdf","related_resource_id":1147480,"related_resource_size":"289 KB","related_resource_type":"pdf","cg_author":0,"featured_focal_points":""},"tags":[],"press-release-type":[57],"brand":[],"class_list":["post-574688","press-release","type-press-release","status-publish","hentry","press-release-type-financial-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Resultados primer semestre 2025 - Capgemini Spain<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capgemini.com\/es-es\/noticias\/notas-de-prensa\/h1-2025-results\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resultados primer semestre 2025\" \/>\n<meta property=\"og:description\" content=\"Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: \u201cThe Group\u2019s performance continued to improve in Q2. 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