by Julian Goldsmith

CapGemini builds profits in H1

Jul 25, 20121 min
IT Leadership

Consultancy CapGemini has reported a rise in group profit from €127m to €143m in the first half of 2012, compared to the same period in the previous year. The rise represents a small rise in margin of 0.1 per cent.

Revenues for the period were E5.15bn, up 8.3 per cent year on year. The UK and Ireland reported growth of 8.3 per cent, despite a fall in demand for the company’s services in the public sector.

However, the company saw the biggest growth in technology services, as an operation in the US with increasing like-for-like sales of 4.8 per cent.

In a statement, CapGemini chairman and CEO Paul Hermalin said: “Despite a listless macro-economic context, we have enjoyed a solid first half-year. The quality of bookings demonstrates that the strategy to refocus our portfolio on high value-added services is bearing fruit. The group is more than ever mobilised to meet our clients’ needs with innovative offerings focused on cloud  computing, mobility and Big Data.

One of the highest profile customer wins in the UK was a huge outsourcing deal with BAA, announced in March last year.