Regulatory News:
Capgemini Group (Paris:CAP) reports Q1 2012 consolidated revenues of €2,565 million, up 9.2% on published figures (i.e. at current Group structure and exchange rates) for the same period last year and 4.3% like-for-like (i.e. at constant Group structure and exchange rates); the difference between the two rates is mainly due to acquisitions performed by the Group during the last 12 months and particularly Prosodie in France and Aive in Italy).
| Q1 2012 | Q1 2011 | Change | T1 2012/ | |||||||||
|
€2,565 million |
€2,350 million | Published | + 9.2% | |||||||||
Like-for-like | + 4.3% | |||||||||||
This 4.3% growth in revenues, on a like-for-like basis, breaks down as follows:
- by business, Consulting Services, Technology Services and Local Professional Services reported average growth of 5.2%. The greatest increase was recorded by Technology Services (6.6%), up slightly on Q4 2011. Outsourcing Services reported average growth of 3.0%.
- by region, as was already the case in Q4 2011, North America reported the highest rate of growth (+13.0%) driven by Technology Services, Consulting Services and Local Professional Services. The United Kingdom and Ireland region recovered, reporting growth in revenues of 3.9%, higher than the growth rate reported in the previous four quarters; France "´ which retains its position as the Group´s leading country in terms of revenues "´ increased 1.0%. Benelux was the only region to report a contraction in revenues (-7.8%), due to the ongoing crisis which continues to affect the economy of these three countries. The other regions of the Group reported average growth of 7.7%.
Bookings in the first quarter 2012 totaled €2,145 million, down on Q1 2011 bookings. However, the book-to-bill ratio for Consulting Services, Technology Services and Local Professional Services remained positive: 1.02 for the Group as a whole.
Capgemini continued to adopt a balanced recruitment policy between its historical countries and "offshore" bases, which employed 45,131 individuals as of March 31, 2012 (including 36,204 in India), representing 37.4% of the total headcount at this date of 120,542 employees.
Strengthened by these results, the Group confirms its objectives for 2012: limited organic growth in revenues and an increase in the operating margin rate.
For Paul Hermelin, Chief Executive Officer of Capgemini Group: "We will, of course, continue to closely monitor changes in the macro-economic environment, however the good level of demand in the first quarter 2012 in several of our major markets - particularly North America - reinforces our objectives of revenue growth and an improvement in the operating margin. The enhancement of our product portfolio is bearing fruit."
