This morning Capgemini announced full year results for 2015. Capgemini Chairman and CEO Paul Hermelin announced what he called “a solid step forward delivering a very good set of results” which showed headline revenue growth of 12.7%, bookings up by 5%, operating profits increased by 20% and a record generation of cash of 815m euros.
- North America, Capgemini’s first market following the acquisition of IGATE
- Revenues of €11,915 million, up 12.7%
- 22% of revenues in Digital and Cloud
- Operating margin rate of 10.6%
- Organic free cash flow of €815 million
In the video interview below, Paul Hermelin where he gives highlights on our 2015 full year financial results and commented on the outlook and guidance for 2016:
From the press release, United Kingdom and Ireland (18% of Group revenues) reported a 13.9% decline in revenues on a like-for-like basis (2.2% after accounting for the appreciation of the pound sterling against the euro). This decrease is entirely due to the planned reduction in revenues from a major UK public sector contract. Driven by the financial services and retail and consumer goods industries, the private sector was extremely dynamic, helping to rebalance the relative weightings of the public and private sectors in this region. The operating margin rate improved 210 basis points to 13.4%.
I spoke to UK CFO Tony Deans about what our full year results mean for the UK & Ireland:
“Having listened to the Group’s results presentation to the financial analysts this morning, I couldn’t help but feel very proud as to what the Group has achieved. By exceeding our previous guidance on all fronts, we seemed to surprise them, particularly with the margin achievement and the hugely impressive cash performance. In the UK we certainly played our part across all our business units.