Business & Investment

Capgemini Q3 Results: Intrinsic Revenues Up 13% YoY

Mumbai: European IT Services Major Capgemini Group In the third quarter of 2021 (July-September), sales reported an organic growth of 13.2% year-on-year. Digital and cloud services said they reported strong double-digit growth, accounting for more than double digits. -One-third of the group’s business.

Third-quarter revenue was € 4.55 billion, compared with € 4.01 billion last year. Growth for the quarter was 13.6% on a reported basis and 12.9% at a constant exchange rate. Bookings were € 4.61 billion, up 15% year-on-year at constant exchange rates.

“The strong growth achieved in the third quarter reflects the strengthening of positive trends in the last few quarters in all sectors and regions. This momentum is leveraging the cloud and data / AI to drive the group. It confirms that we have made the right move to position our company and organization as strategic partners in digital transformation, “said Aiman ​​Ezzat, CEO of Capgemini Group.

“Our digital offering portfolio covers the entire value chain from product and service design to customer experience. We are new to the fast-growing market of intelligent industry, customer experience and sustainability. We continue to accelerate the adoption of industry-specific products. ”

Approximately 20% constant currency growth was reported in manufacturing (25% of group revenue), consumer goods (13% of group revenue) and services (5% of group revenue).

This was followed by the public sector (14% of group revenue) and TMT (telecom, media, technology, 13% of group revenue), followed by constant currency growth of over 10%, followed by financial services (of group revenue). 22%) followed. Momentum from the previous quarter.

The company said its business shrank slightly during the quarter, with only the energy and utilities sector lagging behind (8% of group revenue).

Considering its business performance and business outlook for the fourth quarter, the company has raised all of its 2021 financial targets.

By 2021, the company is now targeting constant currency growth between 14.5% and 15.0% instead of the previous 12.0% to 13.0%. Revised the operating margin guidance to be greater than 12.7% instead of 12.5% ​​to 12.7%. We also revised organic free cash flow of over € 1.70 billion instead of € 1.55 billion.

The company added 19,800 people during the quarter, increasing its workforce to 309,300. This is slightly higher than the 19,690 net increase in TCS in the same quarter. Globally, IT companies are stepping up their recruitment efforts to meet the requirements of the large clients they are witnessing after the pandemic.

Capgemini Q3 Results: Intrinsic Revenues Up 13% YoY

https://economictimes.indiatimes.com/markets/stocks/earnings/capgemini-q3-results-organic-revenue-rises-13-yoy/articleshow/87333140.cms Capgemini Q3 Results: Intrinsic Revenues Up 13% YoY

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