Q1 2014 revenue up 2.3%. Crossed the 50,000 employee threshold in India.
Paris, April 29, 2014 – The Capgemini Group generated consolidated revenues of €2,503 million in the first quarter of 2014, up 2.3% at constant Group structure and exchange rates compared to the first quarter of 2013. At current Group structure and exchange rates, revenues were stable (+0.2%)*.
(*)The difference between these two rates is mainly due
to the unfavorable evolution of the U.S. dollar and the Brazilian real
The change in revenues at constant Group structure and exchange rates breaks down as follows:
Bookings amounted to €2,224 million in the first quarter of 2014, up 5% compared to the same period in 2013. The combined book-to-bill ratio of Consulting Services, Technology Services and Local Professional Services stood at 1.05.
As of March 31, 2014, the total headcount of the Group was 134,000. Offshore penetration increased by 4 points year on year to 45%, representing more than 60,000 employees.
In addition, in April, the Group crossed the threshold of 50,000 employees in India. The first European IT Services company to have developed massively in this country, Capgemini has a tremendous expertise and an undeniable asset to gain market share.
Based on these results, the Group confirms its objectives for 2014: an organic revenue growth of 2% to 4% and an operating margin rate between 8.8% and 9.0%. Organic free cash flow is expected to exceed €500 million.
For Paul Hermelin, Chairman and CEO of Capgemini: “We began 2014 with a stronger momentum than 2013. It is by playing our two strengths – competitiveness and innovation – that we best meet our clients’ needs. Competitiveness, supported by the power of our offshore platforms. Innovation, through the constant development of new offerings around cloud, big data and digital to enable our clients’ business transformation.”
Change in revenue by region:
Change in revenue by business (at constant Group structure and exchange rates):
Utilization rates (%):
Q1 2014 major events: