2008 First Quarter Revenues in Line with Objectives
The Capgemini Group has released its Q1 2008 Revenues
7 May 2008
The Capgemini Group has published consolidated revenue figures for the first quarter of 2008 of €2,185 million:
- At constant rates and perimeter, revenues have increased by 3.7% against the first quarter of 2007 and are entirely in line with the Group’s roadmap for 2008;
- At current rates and perimeter, comparison with the revenues published for the first quarter of 2007 (€2,214 million) is largely distorted by the very steep depreciation of the US dollar (-13.9%) and the British pound (-11.5%) against the Euro, bearing in mind that North America and the United Kingdom account in total for more than 41% of Group revenues.
The organic growth rate can be broken down as follows:
- By discipline, Outsourcing Services grew by 2.9%. The other disciplines recorded growth of 4.1% on average, Local Professional Services registering the best performance with 9.0%.
- By region, North America has published sustained growth of 6.1%. In Europe, Benelux grew by 7.6% and France by 5.3%, while the United Kingdom registered an anticipated decrease of 4.5% linked to the expected reduction in revenues realized with the client HMRC. Growth in the rest of Europe is led by the Nordic countries and Southern Europe (Italy, Spain, Portugal) which registered growth of over 10%.
Bookings for the first quarter 2008 amounted to €2,168 million, compared to €2,203 million in the first quarter 2007 (at comparable rates and perimeter). They are particularly strong for Consulting, Technology and Local Professional Services where growth is at 10% and for which the book-to-bill ratio is 113% on average.
These results allow the Group to today confirm the objective stated a few months ago of achieving full-revenue growth (at constant rates and perimeter) of between 2 and 5% for 2008 and to increase its operating margin for 8.5% for the full year 2008.
Press Relations:
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Manuel Chaves d’Oliveira
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