Capgemini reports H1 2013 Financial Results

Capgemini Group has announced the highlights of its reports H1 2013 financial report with consolidated revenues of €5,033 million. The H1 operating margin is 7.3%, up 0.5 points vs. the same period in 2012.  Profit for H1 attributable to shareholders surged 31% to €176 million, compared with €134 million in H1 2012.

In a challenging economic environment, we met our commitments and reported an improvement in our profit for the period, enabling us to start the second half with confidence,” said Paul Hermelin, Chairman & CEO, Capgemini Group.

In H1 2013, the combined revenue of Consulting Services, Local Professional Services and Technology Services fell 1.5%. Technology Services grew slightly by 0.3%, while Consulting Services and Local Professional Services (Sogeti), more sensitive to the economic environment, contracted 9.0% and 3.9%, respectively. Outsourcing Services revenues were almost stable, down 0.3%.

The operating margin of the Group for H1 2013 is €367 million, or 7.3% of revenues, up 0.5 points on H1 2012. Organic free cash flow is -€313 million for H1 2013, despite anticipated payments received at the end of 2012, and compares with -€309 million for H1 2012. Net cash and cash equivalents total €272 million on June 30, 2013.

At the end of H1, the total headcount of the Group was 127,968. Offshore employees totalled 54,280, up 18% on June 30, 2012 (including 44,195 in India) and represented 42% of the total headcount, up more than 4 points on June 30, 2012.

Capgemini also announced that it has made a €235 million exceptional contribution to Group pension funds.