Paris: Capgemini Group today reported third quarter revenues of �2,378 million, up 13.0% on the same period last year.
Like-for-like growth (excluding acquisitions and exchange rate fluctuations) was 4.7%, with the difference between the two rates mainly due to the acquisitions of CPM Braxis in Brazil and Prosodie in France during the year.
The firm breaks down its growth as follows:
Consulting Services, Technology Services and Local Professional Services continued to report sustained growth (+6.1% on average), with the greatest increase recorded by Technology Services (+7.2%). Outsourcing Services reported an average rise of 2.7%, while BPO enjoyed remarkable growth (+20%).
North America increased 5.0%; France — which retains its position as the Group's leading country — reported improved revenue growth (+7.8%) on the first-half of the year; the United Kingdom and Ireland region, still affected by public sector spending cuts, reported more moderate growth (+1.3%), while the other regions reported average growth of 10.4% (12.4% for the Nordic countries). Benelux was the only region to report a contraction in revenues (-5.7%), reflecting the economic crisis which continues to affect the Netherlands.
Bookings in the third quarter 2011 totaled �2,208 million: Outsourcing Services recorded a slight decrease in bookings (although it should be noted that Q3 2010 levels benefited from the early renewal of several major contracts), while Consulting Services, Technology Services and Local Professional Services saw their bookings increase by 6.4% on average.
Despite current economic uncertainties regarding, Capgemini maintains its objective for fiscal year 2011 of:
9 to 10% growth in revenues on published figures (and of at least 5% like-for-like) an improvement in the operating margin rate of over 0.5 points on 2010.