Capgemini revenue grows 2.3% to €3.5 bn in first quarter

Capgemini Group reported 2.3 percent increase in revenues to €3.547 billion in the first quarter of 2020.
Capgemini employees
The company’s close to 95 percent of employees are working from home during COVID-19 crisis. Capgemini did not reveal its revenue guidance for 2020. Paul Hermelin, chairman and chief executive officer of Capgemini and Aiman Ezzat, who will become CEO following the Shareholders’ Meeting of May 20, 2020, have decided to reduce 25% of their salary.

Capgemini Group expects the second quarter to be challenging, before a gradual recovery in the third and fourth quarters.

Capgemini said North America revenues (32 percent of Group revenues) slipped 0.6 percent. Manufacturing and Energy & Utilities sectors weighed down, but Financial Services recorded a slight growth.

The United Kingdom & Ireland region (12 percent of Group revenues) reported decrease of 2.6 percent in revenue. Financial Services was the main contributor to this trend, while the Manufacturing sector was particularly buoyant.

France (21 percent of Group revenues) revenues increased 3.3 percent driven mainly driven by the Public Sector and Services.

Rest of Europe (28 percent of Group revenues) recorded 5.1 percent increase in revenues at constant exchange rates. Activity was particularly strong in the Manufacturing and Consumer Goods & Retail sectors.

Asia-Pacific and Latin America region (7 percent of Group revenues) achieved 11.2 percent in revenue growth, primarily boosted by the Financial Services, Consumer Goods & Retail and Energy & Utilities sectors.

Capgemini has achieved 2.9 percent year-on-year increase in its headcount to 219,100, with a 2.4 percent increase in employees in offshore centers to 124,900, representing 57 percent of the total headcount.

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