The Capgemini Group (Paris:CAP) posted consolidated revenues for
first quarter 2009 of EUR2,205 million, up 0.9% compared with the
same year-ago period and down 0.3% like-for-like (constant Group
structure and exchange rates).
Q1 2009 Change Q1 2008 Q1 2009 vs.
revenues revenues Q1 2008
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reported EUR2,185m +0.9%
EUR2,205m
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like-for-like -0.3%
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Compared with the first quarter of 2008, the Group's revenues
reflect the following like-for-like changes:
-- By discipline: Outsourcing
Services advanced 1.1% and Technology Services edged up 0.4%;
Sogeti
declined 0.7% while Consulting Services retreated 9.8%.
-- By region: the United Kingdom &
Ireland put in a strong performance (up 7.0%), while revenues
in
France and Benelux shed 0.8% and 0.6%, respectively. Revenues
recorded
in North America were 6.9% lower than in the first quarter of
2008.
Bookings in first-quarter 2009 (excluding recent acquisition BAS
BV) came in at EUR2,221 million versus EUR2,172 million in the
prior-year period (at comparable exchange rates and Group
structure), and were boosted by a near-40% leap for Outsourcing
Services. Although bookings weakened by 9% on average for the
Group's other three disciplines (Consulting, Technology and Local
Professional Services) due to a wait-and-see approach to new
project launches among clients, the book-to-bill ratio for these
businesses nevertheless remained in positive territory at 1.04.
These results are in line with expectations and bolster the
Group's confidence in its guidance for the first half of 2009 that
like-for-like revenues would see a modest decline of around 2% and
that operating margin should remain above 6.5% (first-half 2008
operating margin was 7.6%).
At the Group's Shareholders' Meeting held today, Cap Gemini will
ask shareholders to approve the payment of a dividend of EUR1 per
share and appoint two new Directors: Bernard Liautaud, General
Partner of Balderton Capital Management and co-founder of Business
Objects; and Pierre Pringuet, Chief Executive Officer of the Pernod
Ricard Group.