Capgemini Group said its revenues rose 17.2 percent to €3,036 million in Q3 2015.
“Customer demand was mainly driven by innovation, as evidenced by the 21 percent increase in revenues in SMAC,” said For Paul Hermelin, chairman and CEO of Capgemini Group.
Capgemini Group said 4 percent revenue came from consulting services, 14 percent from local professional services (Sogeti), 60 percent from application services and 22 percent from other managed services.
HIGHLIGHTS
# Completion of the acquisition of the US company IGATE on July 1, 2015
# Increase stake in Brazilian subsidiary CPM Braxis to above 70%
# bagged 5 year Infrastructure Services contract with Nationwide building society in the UK
# Launched new offering Cloud Choice services
# Opened two new Innovation Labs in Munich and Mumbai
# Signed 5 years Insights and Data deal with German insurer Munich Re
# Deal with Dutch energy company Eneco for digital transformation
The IT services provider said 937 million euros revenue came from North America, 551 million euros from UK and Ireland, 574 million euros from France, 264 million euros from Benelux and 493 million euros from rest of Europe.
Revenue from Consulting Services increased 6.7 percent. Local Professional Services (Sogeti) rose 1.4 percent. Application Services grew 5.1 percent.
Revenue growth for the third quarter, primarily driven by the acceleration of clients’ investment in digital and cloud projects, reached 8.2 percent. Other Managed Services decreased 13.7 percent due to the anticipated decline in revenue of a major contract in the United Kingdom and an unfavorable economic environment in Brazil.
North America, the largest region with 31 percent of revenues, grew 5.2 percent, with a positive momentum in Financial Services as well as in CPRDT (Consumer Products, Retail, Distribution and Transportation), and a slowdown in energy and utilities.
The UK and Ireland region experienced 11 percent reduction in revenues due to the evolution of a major contract. In Asia-Pacific and Latin America, growth was limited to 3.7 percent in Q3 due to the economic environment in Brazil,
Asia Pacific, however, maintains a double digit growth.
Capgemini Group forecasts revenue growth of 12 percent for the full year.
Baburajan K
editor@infotechlead.com
