Capgemini generated consolidated sales of €4.55 billion in the third quarter of 2021, up 13.6% at current exchange rates and 12.9% at constant exchange rates. All areas of the IT consulting firm reported continued strong activity, in line with trends observed in the previous quarter.
Strategy and transformation (7% of group sales) and applications and technology (62% of the group and Capgemini’s core business) take full advantage of the demand for digital services and cloud, thus posting steady coin growth of 27.4% and 16.3%, respectively.
Operations and Engineering Services (31% of the group) also maintained its steady momentum, which reached more than 10% after correcting for the scale impact associated with the Odigo sale. This performance is again driven by growth above 10% in engineering services.
All areas of the group recorded organic growth (at constant rates and circumference) of more than 10%. At fixed exchange rates, the sustained level of activity in France is partially obscured by the effect of selling Odigo. This growth dynamic is stronger compared to the previous quarter if we take into account the more demanding basis of comparison in the third quarter than in the second quarter.
In the first nine months of the year, growth was 14.4% on a reported basis and 16.1% at constant rates, while organic growth was 9.1%. Thus, the turnover amounted to 13.26 billion euros.
Given these offerings, Capgemini is once again raising all its targets for 2021, and is now aiming for fixed exchange rate growth of 14.5% to 15% (instead of 12% to 13% previously), an operating margin greater than 12.7% (instead of 12.5% to 12.7%), plus a generation of free organic cash flow exceeding €1.7 billion instead of €1.5 billion.
Source: AOF
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