Capgemini News Blog

Capgemini News Blog

Opinions expressed on this blog reflect the writer’s views and not the position of the Capgemini Group

Robust progression in 2014 FY results - entering 2015 with momentum

Categories : Press releasesCoverage
Last week we announced our full year results for 2014. You can read the full press release here: Robust progression in 2014 full-year results. Strong finish in Q4

The key numbers from the presentation to the market:

  • Revenues of €10,573 million, up 3.4% like-for-like on last year and 5.5% in Q4
  • Bookings up 13% year-on-year and 14% in Q4
  • Operating margin rate of 9.2%, up 70 basis points on 2013
  • Profit for the year attributable to shareholders of €580 million, up 31%
  • Organic free cash flow of €668 million
Here is Capgemini Group Chairman and CEO Paul Hermelin in a video interview following the release of our FY revenue figures. It's 8m42s long.

I asked UK CFO Tony Deans for his view on Capgemini UK's performance. He had this to say:
Tony Dean, Capgemini UK CFO
"2014 brought a stunning set of results, with the most impressive being the 31% increase in net profit to an impressive €580m, with an equally impressive 9.2% operating margin, exceeding market expectations.
“In the UK and Ireland 4.1% revenue growth was ahead of the Group’s overall result and sees the UK now contributing to 21% of overall Group revenues, just behind France, but on a par with another impressive performer, North America. 
“Looking at our individual businesses, just about every one of them achieved growth in revenue, profit and sales bookings with only Consulting having a slight downturn in what is a very difficult market for them. It was a year which saw us improve our private sector mix in line with our strategy to [redress the balance] with our public sector work and with an improved project delivery performance.
“In all my years with Capgemini, I have never seen the Group or the UK so well positioned to take advantage of market conditions and I expect to see us securing significant growth in bookings in 2015."

Commentary from analysts saw positives, including from TechMarketView, Capgemini catches up to meet FY14 guidance (subscription required), and this from NelsonHall, Capgemini: Strong End to 2014, Enters 2015 with Momentum; Looking for Inorganic Growth in U.S.:
"Capgemini has achieved a huge amount in recent years: it has completed its offshore transformation and has made substantial progress in its portfolio management initiatives: Strategic Global Offers are now a major contribution to both topline and margin."

Our results were also covered in the UK media, including: logoComputer Weekly - Capgemini increases Indian staff by 20%, as profits rise by 31%
Capgemini increased the number of staff it has in India by 20% in 2014, while its profits went up by 31% and its revenues grew by 3.4%. The IT services provider now has more than 56,000 staff in India, representing 47% of its total workforce. 

CBR logoComputer Business ReviewCapgemini ups dividend thanks to robust results
Capgemini released its Q4 and full-year results for 2014, showing a rise in revenues driven by an increase in bookings.

About the author

Tom Barton
Tom Barton
Tom’s career in communications spans 20 years in the consulting, telecommunications and music industries. He joined Capgemini in 2005 and led the merging of PR, web communications and internal communications into one team. This recognised the convergence of channels and platforms that support an effective communications programme for external and internal audiences. Before joining Capgemini, Tom was global head of media relations at PA Consulting Group, marketing and communications director at his own record label, and had various internal and external communications roles at Cable & Wireless. He plays guitar, darts and cricket, and is still trying to do the Times crossword.

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