Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Cap Gemini Forecasts Demand for Computer Services Will Pick Up

May 2 (Bloomberg) -- Cap Gemini SA, a French competitor to International Business Machines Corp., forecast that demand for computer services will pick up in the second quarter after bookings improved in February and March.

Shares of the Paris-based company jumped as much as 4.1 percent in Paris trading. Cap Gemini, whose clients include luxury carmaker Rolls-Royce, reported today first-quarter revenue shrank 2.6 percent to 2.5 billion euros ($3.3 billion). Bookings improved over the quarter, reaching 2.17 billion euros, just under last year’s 2.21 billion euros.

“We have a decent pipeline for the second quarter,” Cap Gemini Chief Executive Officer Paul Hermelin said on a conference call. “We expect a significantly improved context in the second quarter in France and we’ve seen encouraging signs in North-America.”

The company, which makes about 40 percent of its revenue from France and the U.S. combined, confirmed its forecast for a revenue increase of 1.2 percent in 2013, excluding acquisitions and currency fluctuations. It had sales of 10.26 billion euros last year. French rival Atos said last week that demand will improve during the year after reporting first-quarter sales it said were a low point of 2013.

Cap Gemini shares traded up 3.6 percent at 36.19 euros at 11:46 a.m. in Paris.

To contact the reporter on this story: Marie Mawad in Paris at mmawad1@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.