Capgemini News Blog

Capgemini News Blog

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Announcement of Q1 2015 financial results and IGATE acquisition

Categories : Press releasesCoverage
On Monday we revealed our Q1 2015 results and announced that Capgemini Group generated consolidated revenues of €2,764 million in the first quarter of 2015, up 10.5% at current Group structure and exchange rates compared to the first quarter of 2014. At constant Group structure and exchange rates, the growth of revenues is up 1.5%.

Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group, commented: "In a slightly improved economic environment in Europe and despite the anticipated revenue decline generated by a major contract of the Group, Capgemini achieved a solid performance in the first quarter 2015. Capgemini has taken advantage of its excellent performance in North America, where its revenue grew 11.7% on a like-for-like basis and 33.8% at current Group structure and exchange rates.”

You can read more about it in our press release here.

IGATE announcement
 
Paul Hermelin with IGATE CEO, Ashok VemuriWe also announced our intention to purchase IGATE, a prominent US-listed technology and services company headquartered in New York, with customers across Europe and Asia-Pacific. This deal will strengthen our key businesses in application and infrastructure services as well as BPO and engineering services. Moreover, the transaction enriches our portfolio with new flagship clients such as General Electric and Royal Bank of Canada.
 
Read our press release for more details and comments from Capgemini’s and IGATE’s executives.

Media reaction so far
 
City AM CITY A.M. – CapGemini to buy US services outfit for $4bn
“IGate, a technology and services company with strength in the financial services sector but also active in retail, manufacturing and healthcare, had 2014 revenue of $1.3bn, with double-digit growth and a 19 per cent operating margin.”

CBR CBR - Capgemini opens the (I)GATE to North America market
The deal, which has already been approved by the written consent of shareholders, will see Capgemini significantly expand its presence in the North America market.”
 
TechWeekEurope TechWeekEurope - Capgemini Buys IGATE For £2.6 Billion
“The move sees Capgemini ramp up its efforts against IBM and Accenture in the region, with an estimated 50,000 employees set to be working with Capgemini’s North American clients.”

About the author

Magda Bulska
Magda Bulska
Magda is responsible for managing Capgemini’s media relations programme and supporting its digital and internal communications activities. Before joining Capgemini in 2015, she ran PR campaigns in the UK and across EMEA for a number of blue chip companies and start-ups. Originally from Poland, Magda is passionate about (in no particular order) good films, travel photography, diversity and discovering quirky places all around the UK.