Capgemini Expects Return To Revenue Growth Later This Year
18 February 2010 - 6:30PM
Dow Jones News
French IT-services group Capgemini SA (CAP.FR) Thursday said net
profit fell in the second-half of 2009 and that it expects revenue
to fall further in the first half of this year before a return to
growth in the second half of 2010.
Paris-based Capgemini, Europe's largest computer services
company, said for the full year 2010 it expects revenue to drop
between 2% and 4% on a like-for-like basis, which strips out
acquisitions, disposals, and currency movements.
Net profit in the six months ended Dec. 31 was EUR100 million,
down from the EUR220 million reported in the same period last year,
as revenue fell to EUR4 billion, from EUR4.34 billion. Earnings and
revenues met analysts' expectations.
All its businesses except for outsourcing declined amid the
economic downturn.
Earnings before interest and tax, or EBIT, in the six months
also fell to EUR308 million from EUR412 million a year ago. This
gave the company an EBIT margin of 7.7% in the second half.
The company said it plans to pay a dividend of EUR0.8 per share
for 2009.
Capgemini shares Wednesday closed at EUR31.68. the stock has
lost 0.9% since the start of the year.
-By Ruth Bender, Dow Jones Newswires; +33 1 40 17 17 54;
ruth.bender@dowjones.com
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