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Paul Hermelin: Capgemini Reports Q3 Sales Increase

Paul Hermelin: Capgemini Reports Q3 Sales Increase - top government contractors - best government contracting event

Capgemini logoCapgemini Group has posted a return to growth in the third quarter, a performance that CEO Paul Hermelin expects will continue for the full year.

The French technology consultancy recorded a 1.6 percent sales increase to $3.32 billion for its fiscal year 2013 third quarter, up from a 0.4 percent decline in the same quarter the previous year.

Like-for-like growth by business was led by the outsourcing services, local professional services and technology services divisions, Capgemini said Thursday.

“This year, we have reported steady improvement in our performance, quarter after quarter, a trend that should continue in Q4,“ said Hermelin, chairman and CEO of Capgemini Group.

Bookings for the period were at $2.6 billion.

Asia-Pacific and Latin America emerged as the top-performing regions, posting a double-digit quarterly growth, followed by France and North America.

Capgemini also noted several of its milestones for 2013, among them a “BBB“ rating upgrade from S&P and more than $161 million in major infrastructure and technology deals.

The group's workforce totaled 130,088, more than 40 percent of which work abroad.

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Written by Elizabeth Leigh

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