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Cap Gemini Confirms Full-Year Targets as Sales Climb 13 Percent
Cap Gemini SA (CAP) said third-quarter sales rose 13 percent as the company integrated acquisitions and increased revenue from business-process contracts, beating analysts’ estimates.
Revenue rose to 2.38 billion euros ($3.27 billion) from 2.11 billion euros a year earlier, the Paris-based company said today. Analysts had estimated sales of 2.33 billion euros, according to the average of 10 estimates compiled by Bloomberg.
Cap Gemini reiterated its goals to increase revenue by 9 percent to 10 percent this year, and to improve the operating margin by more than 0.5 percentage point.
Computer-services companies are looking to guard market share and revenue as sluggish economic growth restrains corporate information-technology spending. International Business Machines Corp. (IBM), the world’s largest provider of computer services, last month missed sales estimates as growth slowed in its software, hardware, and services businesses.
To broaden its customer base, Cap Gemini is making emerging-market acquisitions, including paying 233 million euros for control of Brazilian information-technology company CPM Braxis last year. Mexico, Turkey and Russia are among the countries it’s targeting for future growth, Deputy General Manager Paul Spence said in May.
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