Capgemini : Capgemini: 1st quarter results confirm 2013 annual objectives

  Capgemini : Capgemini: 1st quarter results confirm 2013 annual objectives

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                                                                   Myriam Lévy
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                                                              Walter Vejdovsky
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        Capgemini: 1st quarter results confirm 2013 annual objectives

      Paris, May 2, 2013 - Capgemini Group reports Q1 2013  consolidated 
      revenues of €2,499 million, down 2.6% on published revenues  (i.e. 
      at current  Group  structure and  exchange  rates) from  the  same 
      period last  year  and 1.7%  on  a like-for-like  basis  (i.e.  at 
      constant Group structure  and exchange rates).  This is  primarily 
      due to  the weak  economic environment  in Europe  and a  negative 
      calendar impact in  Q1 2013. These  results are in  line with  our 
      expectations and enable us to confirm 2013 objectives.

                      Q1 2013 Revenues Q1 2012 Revenues    Change     Q1 2013/
                                                                      Q1 2012
                      €2,499 million    €2,565 million    Published    -2.6%
                                                        Like-for-like  -1.7%

The decrease in revenues on a like-for-like basis breaks down as follows:

  *by  business,   Consulting  Services,   Technology  Services   and   Local 
    Professional  Services  reported  an  average  drop  in  revenues  of  3%. 
    Technology Services  declined 1.2%,  while Consulting  Services and  Local 
    Professional Services (Sogeti)  contracted 10.1%  and 5.2%,  respectively. 
    Outsourcing Services revenues grew 0.2%.

  *by region, the emerging countries of  Asia and Latin America reported  the 
    strongest growth  (+6.3%)  while  the private  sector  lifted  the  United 
    Kingdom and Ireland by 2%. Revenue  was stable in North America  following 
    the slowdown in  sales at  the end  of 2012.  France -  which remains  the 
    Group's largest  business in  terms  of revenues  -  was affected  by  the 
    economic climate and  reported a  drop in  revenues of  4.8%. The  Benelux 
    continued to suffer  from the  crisis impacting  the Netherlands:  Revenue 
    fell 8.7% but is  pursuing a stabilization phase  that started in Q4.  The 
    rest of  Europe, particularly  susceptible to  cyclical impacts,  is  down 

We recorded Bookings of €2,171 million in Q1, similar to Q1 2012. The combined
book-to-bill ratio  of  Consulting  Services, Technology  Services  and  Local 
Professional Services remains positive at 1.07.

On March 31,  2013, the total  headcount of the  Group was 126,429  employees. 
Offshore employees  totaled  51,978  (including 41,900  employees  in  India), 
representing 41.1% of  the total  headcount. Capgemini continued  to pursue  a 
balanced  approach  to  recruitment  between  its  historical  countries   and 
"offshore" locations. 

         The Group maintains its objectives for 2013 and continues to forecast
                       like-for-like revenue growth in line with 2012 (+1.2%).

The Group forecasts an operating margin in excess of 8.3%, before amortization
of intangible assets acquired through business combinations (i.e. over 8.0% as
reported until now).
Cumulated organic free cash  flow for the period  2012-2013 should be  between 
€750 million and €800 million.

For Paul  Hermelin, Chairman  and Chief  Executive Officer  of Capgemini:  "We 
maintain our  annual  objectives  for  revenue  growth  and  operating  margin 
improvement, in  spite  of the  difficult  economic climate,  particularly  in 
Europe, which is as expected. We continue to pursue the implementation of  our 
three priorities: expanding our offering portfolio to address evolving  client 
needs, recruiting  young graduates  to  maintain a  balanced age  pyramid  and 
industrializing our processes to  increase our competitiveness.Thanks to  the 
diversification of our offering portfolio, we are confident in our ability  to 
address recent evolutions in client needs  and manage the complexity of  their 



                                                         Utilization rates (%)

                                       Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013
           Consulting Services           65      67      64      67      62
           Local Professional Services   82      83      83      82      80
           Technology Services           80      80      81      81      79

                                Change in revenues by business (like-for-like)

                                 % of revenues % of revenues Q1 2013 / Q1 2012
                                    Q1 2012       Q1 2013
     Consulting Services              5.1           4.7      -10.1
     Local Professional Services     15.8          15.4           -5.2
     Technology Services             40.4          40.6      -1.2
     Outsourcing Services            38.7          39.3           0.2

                                               Change in revenues by geography

                                            Published            Organic
                      Published        Sequential Year-on  Sequential Year-on
                                          (%)     Year (%)    (%)     Year (%)
               Q1 2012 Q4 2012 Q1 2013  Q113 /   Q113 /   Q113 /   Q113 /
                                         Q412     Q112     Q412     Q112
North America      505     517     501       -3.0     -0.8       -1.0      0.1
United Kingdom     510     501     510        1.9     -0.1        7.4        2
and Ireland
France             578     568     551       -3.1     -4.8       -3.1     -4.8
Benelux            298     280     273       -2.2     -8.7       -2.2     -8.7
Rest of Europe     478     495     469       -5.4     -1.5       -5.5     -2.6
APAC and Latin     196     230     195      -15.4     -0.4      -16.0      6.3
Total            2,565   2,591   2,499       -3.6     -2.6       -2.3     -1.7

                                                          Q1 2013 major events

  *Capgemini won a major application services contract with Norway Post worth
    €34 million over six years.

  *Capgemini  signed  a  major  five-year  BPO  contract  with  the   Swedish 
    industrial group, Sandvik, worth several tens of millions of euros.

  The energy utility E.ON  chose Capgemini for the  management of its  smart 
  meters in  Sweden.  This  five-year  contract is  worth  several  tens  of 
  millions of euros.

                                                               PR Capgemini Q1


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                                     Source: Capgemini via Thomson Reuters ONE
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