Capgemini reports steady revenue growth in Q3 2013

Capgemini Group has published its financial results report for Q3 2013 which shows that the company’s consolidated revenues of €2,451 million has gone up 1.6% as compared to Q3 2012 on a like-for-like basis. This return to growth confirms the steady improvement recorded since the beginning of the year (after declines of 1.7% in Q1 and 0.4% in Q2). Consolidated revenues fell 2.8% at current Group structure and exchange rates, due to unfavorable variations in certain currencies used by the Group.

Bookings totaled €1,965 million in Q3 2013, down slightly vs. Q3 2012. Consulting Services, Technology Services and Local Professional Services bookings nonetheless remained stable overall.

As of September 30, 2013, the total headcount of the Group was 130,088. Offshore employees totaled 56,198, representing 43.2% of the Group headcount.

Based on these results, the Group confirms its 2013 full-year guidance communicated last February and confirmed in July:

Paul Hermelin, Chairman and Chief Executive Officer of Capgemini Group stated, This year, we have reported steady improvement in our performance, quarter after quarter, a trend that should continue in Q4. Our portfolio of strategic offerings generates a growing share of our bookings, demonstrating our ability to anticipate the evolution of client demand, particularly in innovation and cost rationalization.

In line with its initial commitment given in July, Capgemini will assign around €100 million to further neutralizing dilution in the coming months.