Capgemini: Cloud and data will drive Capgemini’s revenue to record levels at the beginning of the year

(BFM Bourse)-The French digital services giant accelerated further earlier this year. Backed by record growth, Capgemini confirmed its overall 2022 financial forecast. At this stage, the group claims that it has not identified the impact of the conflict in Ukraine on customer demand.

Capgemini is in Cloud Nine. The French IT services giant has made a “great start of the year”, characterized by further revenue growth compared to the previous quarter. Even better, it is “four consecutive quarters of growth over 10%” and welcomes the group. Performance will appear at the top of CAC 40, with Capgemini titles up 3.94% at € 193.85 shortly after 10:30 am in Paris.

Group activity exceeded € 5 billion and accelerated further in the first quarter of this year, growing 21% at current exchange rates and 17.7% at constant exchange rates compared to the first quarter of the previous year. rice field. Organically (that is, compensating for currency effects and range changes), growth reached + 16.3%. In other words, it is 3.1 points more than in the fourth quarter of 2021. The pace of growth was further enhanced compared to the observed 12.5%. During the last three months of 2021.

According to Aiman ​​Ezzat, Group General Manager, this strong growth is “a change in the Group’s growth profile. [sa] Ability to gain market share. “Our expertise in cloud and data in particular has established our position as a leading partner in our customers’ most ambitious transformation by focusing on the sector,” continues the leader.

Double-digit growth in all regions

In particular, we recorded double-digit growth at constant exchange rates in the first quarter in all regions where the Group operates. “This performance reflects the enhancement of the underlying organic dynamics compared to the last quarter of 2021 observed in almost every region,” Capgemini said in a press release. Digital and cloud-related services, which account for more than two-thirds of Capgemini’s activities, are also properly oriented.

Sectoral trends are also very positive and are “still relatively uniform on a global scale”. Financial services and energy, utility It has returned to growth after a few quarters of slight contractions.

On their part, orders recorded between January and March reached € 5.47 billion, an increase of 26% at a constant exchange rate compared to the first quarter of 2021.

2022 outlook maintained

Capgemini, which currently has 340,000 employees, achieved a turnover rate of 26% in the “relationship between employee turnover and total workforce in the last 12 months” in a rapidly growing company. Estimates that we’re up to digital technology engineers and technicians, ”reassured its general manager, Aiman ​​Ezzat, at a meeting with journalists reported by AFP.

As announced in February last year, Capgemini aims to grow revenue at a constant exchange rate of + 8% to + 10% in fiscal year 2022. If the generation of organic free cash flow is expected to exceed € 1.7 billion, operating profit is expected to be between 12.9% and 13.1%. “A range variation should represent a growth of 1 point at the bottom of the target range and 2 points at the top of the range,” warns a major French IT services company.

Unfortunately, with a few weeks of mandatory passage by the company, Capgemini has reassured its exposure to Ukraine and Russia. These two countries make up less than 1% of the group’s sales and less than 1% of the workforce. At this stage, Capgemini has shown that it has not identified the impact of the dispute on customer demand.

Sabrina Sadogi

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