Capgemini: 'Building a Global Powerhouse'

After beating earnings expectations for 2007, CEO Paul Hermelin talks to BusinessWeek about his expansive plans for the IT consulting firm

Paul Hermelin has seen both sides of the offshoring phenomenon. When he took over as chief executive of Capgemini (CAPP.PA) in 2002, Europe's largest information technology services outfit was still struggling to get past its 2000 merger with Ernst & Young Consulting while facing competition from upstart Indian firms. Now, thanks to a lot of hard work by Hermelin and his executive team, the company is benefiting from the massive shift in outsourcing to lower-cost countries—where Capgemini's staff has more than doubled over the past four years, to 20,000 people.

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