Capgemini revenues increase 8.3 p.c. in H1

BANGALORE, INDIA: The Board of Directors of Capgemini S.A. chaired by Paul Hermelin, convened in Paris on July 25, 2012 to review and authorize for issue the accounts of Capgemini Group for the first half of 2012, said a press release.

H1 2012 revenues (in millions of euros) were 5,150, which is a 8.3 per cent increase compared to last year, said the press release.

The Group reports growth in published revenues (i.e. at current Group structure and exchange rates) on the first half of 2011 of 8.3 per cent and like-for-like growth (i.e. at constant Group structure and exchange rates) of 2.3 per cent: the difference between these two rates is mainly due to favorable exchange rate effects and the integration of companies acquired into the Group, and particularly Prosodie in France, said the press release.

The operating margin rate was 6.4 per cent, up 0.3 points on the first half of 2011, in line with the outlook communicated in February by the Group.

Restructuring costs - notably relating to measures implemented to turn-around Group activity in the Netherlands - total €75 million in the first half of the year. Operating profit is practically stable at €237 million.

After a net financial expense of €49 million and an income tax expense of €55 million, Group profit for the period is €143 million, up 12.6 per cent on the first half of 2011.

After payment of the dividend of €1 per share (€154 million) and given the seasonal increase in working capital requirements, consolidated net cash and cash equivalents total €27 million as of June 30, 2012.

This balance includes the €48.4 million payment by Caixa Participacoes, the public investment subsidiary of Caixa Economica Federal — the fourth largest Brazilian bank — for the acquisition of a 22 per cent stake in the share capital of CPM Braxis Capgemini.

Paul Hermelin, chairman and chief executive officer of Capgemini Group said, ''Despite a listless macro-economic context, we have enjoyed a solid first half-year. 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.''

As of June 30, 2012, the total headcount of the Group was 121,026, up 6 per cent on one year previously. Capgemini recruited nearly 15,000 new employees in the first half of the year. The headcount includes 46,105 offshore employees including nearly 37,000 in India, representing 38 per cent of the total headcount, said the press release.