Capgemini Starts 2016 With Good Momentum

Capgemini Group achieved consolidated revenues of €3,092 million in the first quarter of 2016, up11.8% year-on-year and 13.9% at constant exchange rates. At constant Group structure (primarily the integration of IGATE acquired on July 1st, 2015) and exchange rates organic revenue growth is 2.9%.

For Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group: “Capgemini’s growth rate is accelerating this year. We have diversified our sources of growth by strengthening our global presence and our sectorial capabilities. Client demand continues to be driven by innovation and digital transformation, boosting the growth of our consulting and application services activities. Our Digital and Cloud offerings grew 28% in the first quarter.

Furthermore, the integration of IGATE, acquired in 2015 and which now operates under the Capgemini brand since January 2016,is progressing well, enabling us to achieve synergies faster than scheduled. IGATE’s innovative integrated platform offerings(known as ITOPS) recorded strong growth in Q1. Also the financial services sector, strengthened by this acquisition, was a major driver of Group growth in the first quarter of 2016, increasing 29.7% at constant exchange rates and 7.8% organically confirming the positive trend in this sector. This strong momentum leads us to confirm our 2016 outlook for growth, operating margin and free cash-flow.”