Capgemini sales grows 14.9% to 8.71 bn euros in six months

Capgemini said it sales rose 14.9 percent to 8.71 billion euros in the first six months of 2021, bringing its net profit to 443 million euros, up 42 percent.
Capgemini IT services for digital transformation
IT services provider Capgemini has raised its 2021 revenue guidance as it benefits from a global surge in demand for tech and cloud-based solutions.

Capgemini expects 2021 revenues to be up between 12 percent and 13 percent, an operating margin of 12.5 percent to 12.7 percent and an organic free cash flow above 1.5 billion euros ($1.77 billion).

Capgemini previously forecast 2021 revenue growth in a range of 7 percent to 9 percent, an operating margin of 12.2 percent to 12.4 percent, and an organic free cash flow above 1.3 billion euros.

“These results are underpinned by two factors: a structural acceleration in client demand for technology and the relevance of our strategic direction,” Capgemini CEO Aiman Ezzat said in a statement.

Capgemini reported strong growth in its infrastructure and cloud services, helping to bring sales in its operations and engineering business up over 10 percent in the second quarter.

Accenture also raised their 2021 forecasts, betting on strong demand for their digital and cloud services from businesses looking to strengthen their operations as they work remotely.