IT services provider Capgemini has revealed its main achievements and financial performance for the first half of 2024.
Capgemini has reported revenue of €11.138 billion (down 2.5 percent) with operating margin of 12.4 percent.
Bookings fell 1.7 percent to €11,793 million, leading to a book-to-bill ratio of 1.06. Booking trends also improved in Q2: at €6,138 million, Q2 bookings were stable and the book-to-bill ratio reached 1.09.
Capgemini says Generative AI is driving many client discussions. Capgemini is engaging with enterprise CIOs to deploy uses cases at scale. Capgemini is working on over 350 new projects. Capgemini has over 2,000 AI deals in the pipeline. Capgemini has trained more than 120,000 employees on generative AI tools. Capgemini is making investment in AI tools, assets and platforms.
Capgemini said client demand is focused on improved efficiency and cost transformation. The traction for value-added services in the fields of cloud, data & AI, sustainability, and intelligent industry remains strong, Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said.
Capgemini’s revenues in the North America region, which represents 28 percent of Group revenues in H1 2024, decreased 5.4 percent. Financial Services, TMT (Telecoms, Media and Technology) and Consumer Goods & Retail sectors contributed the most to this decline, partly offset by growth in the Manufacturing sector.
Capgemini’s revenues in the United Kingdom and Ireland region, which represents 12 percent of Group revenues, fell 2.8 percent, mostly driven by the Financial Services and Consumer Goods & Retail sectors. Energy & Utilities and Services sectors enjoyed a solid growth.
Capgemini’s revenue in France, which represents 20 percent of Group revenues, fell 2.7 percent due to softness in the TMT, Manufacturing and Financial Services sectors.
Capgemini’s revenues in the Rest of Europe region, which accounts for 31 percent of Group revenues, fell 0.1 percent.
Capgemini’s revenues in the Asia-Pacific and Latin America region, which contributes 9 percent of Group revenues, fell 1.6 percent due to decline of the Financial Services sector.
The number of employees at Capgemini stands at 336,900 as at June 30, 2024, down 4 percent year-on-year and virtually stable since the end of March. The offshore workforce stands at 192,500 employees or 57 percent of the total headcount.
Baburajan Kizhakedath
