Earlier today, in Paris, Paul Hermelin, Chairman and CEO of the Capgemini Group announced a strong performance for the first half of 2015, continuing the momentum built up over the last few years. All of this has been reflected in Capgemini having one of the best performing of all IT stocks in recent years. Indeed our performance in 2015 has been the best in the sector.
Here is Paul in an interview this morning (7m26s):
To understand the performance of the UK and Ireland – which was headlined as a reduction of 15% (reported as 5% due to the strong GBP to Euro conversion) – this is largely due to the decision with HMRC to agree that our two main programme partners, Fujitsu and Accenture, can invoice HMRC directly. This decision has inevitably led to a significant reduction in UK revenues in 2015. It also came with an equivalent drop in costs, all of which have had little impact on profits, other than the expected reduction in the services delivered directly this year. The UK & Ireland is still a highly influential region, accounting for 18% of total Group revenues in H1 2015.
Tony Deans, Capgemini UK CFO (pictured right), said:
You can read the full press release here: Strong growth in Capgemini earnings in H1 2015.
You can see the full presentation made to financial analysts at our Investor Relations pages.