IT consulting company Capgemini posted 17.7 percent increase in first-quarter revenue to 5.17 billion euros ($5.44 billion), citing growth in its cloud and data activities.
Capgemini said bookings totalled 5.47 billion euros over January-March, up 26 percent compared to the same period last year.
Capgemini warned that pressure for higher salaries and the cost of workers returning to the office would weigh on profits in 2022.
At the end of March, the Paris-based group’s total headcount stood at 340,700 people, up 24 percent or 16,000 employees year-on-year. Workforce increased by 31 percent in offshore centers to 198,900 (58 percent of the total headcount) and by 16 percent onshore.
Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said: “Capgemini delivered an excellent start of the year with a further growth acceleration versus the previous quarter. This is the fourth consecutive quarter with double digit growth. It clearly demonstrates the change of the Group’s growth profile and our ability to gain market share.”