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Capgemini boosts 2018 forecast after strong Q3

Oct 25
Tags: Capgemini
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Capgemini boosts 2018 forecast after strong Q3

Capgemini has announced a more optimistic growth outlook for 2018, off the back of a strong third quarter.

The firm said it is now aiming for revenue growth at constant exchange rates of above 7.5 per cent, compared to the previous objective of slightly above seven per cent.

It has recently witnessed a number of positive trends, including a 5.1 per cent year-on-year increase in headcount, which stood at 208,800 as of September 30th 2018. Nearly 120,000 employees - 57 per cent of the company's total workforce - were based in offshore centres.

On the financial front, Capgemini brought in revenue of €3.2 billion (£2.8 billion) in the third quarter, an increase of 7.7 per cent from a year earlier at current exchange rates. The figure for the first nine months of the year was €9.7 billion, a 4.5 per cent improvement year-on-year.

These positive trends were driven by digital and cloud activities, which expanded by 20 per cent at constant exchange rates in Q3, generating approximately 45 per cent of group revenues.

The regional picture showed a double-digit revenue increase in North America, a return to growth in the UK and a particularly strong quarter in France.

Paul Hermelin, chairman and chief executive officer of Capgemini, said the firm is well-positioned to meet growing demand for digital innovation, consulting and transformation, particularly after the launch of Capgemini Invent in September.

"We benefit from a unique market positioning, thanks to the combination of our experience in consulting, data science and emerging technologies, together with expertise brought to the group by recently acquired digital companies, such as LiquidHub this year," he added.

Mr Hermelin also predicted that momentum will "remain strong" in Q4, despite a high comparison basis.

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Image: marchmeena29/iStock

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