Paris: Europe's biggest IT consulting companies, Capgemini and Atos, have reported solid financial results for the first half of 2012.
At Capgemini operating profit was flat at Eur 237 million on revenues up 8.3 percent at Eur 5.15 billion.
Net income at Atos was flat too, at Eur 102 million on revenues of EUR 4,366 million, up 76 percent compared to the first half of 2011 on published revenues, representing organic growth of 1.4 percent.
Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group commented, "Despite a listless macro-economic context, we have enjoyed a solid first half-year; the quality of bookings, in particular, demonstrates that the strategy to refocus our portfolio on high value-added services is bearing fruit. In the second half of the year, the Group is more than ever mobilized to meet our clients' needs, with innovative offerings focused essentially on cloud computing, mobility, Big Data and solutions."
On the back of the first half figures the firm has raised its full year outlook guidance from nil organic growth to 1 percent.
Thierry Breton, Chairman and CEO at Atos said, "The first half confirmed what we expect to be a solid year in 2012. We continue to closely monitor the global economic environment, while remaining focused on building a profitable and sustainable growth model.
"The first half of the year was also dedicated to invest in innovation in order to increase competitiveness and to remain responsive to the changing needs of our clients. Our exciting recent initiatives in Cloud with EMC and VMware, in social networks with the acquisition of blueKiwi, in mobile payment and in smart mobility for connected cars will be key contributors for future growth.
"Order entry strongly accelerated during the second quarter. Our position in the recurring businesses is favourable as shown by the signing of major IT contracts such as the one with McGraw-Hill in the US. Our performance and increasing backlog allow us to look to the future with confidence. Finally, the transformation of the legal status to a SE (European company) voted at the Shareholders General Meeting consolidates the European leadership of our Group."
Atos has confirmed the guidance given in February; it expects a slight growth in organic revenue for the full year.
A detailed breakdown of Atos's first half performance by service line and geography is available here.