Capgemini delivers record growth in Q1 2022

Aiman Ezzat - CEO Capgemini | Capgemini Group

 The Capgemini Group has reported Q1 2022 revenues of €5.16m, up 17.7 percent at constant exchange rates.

The Group saw bookings of €5.47m, an increase of 26 percent at constant exchange rates, leading to a book-to-bill ratio of 1.06.

According to Capgemini, the strong momentum in Q1 was primarily driven by growth in cloud and data, as well as in its Intelligent Industry and Customer First areas.

As of March 31, 2022, the Group’s total headcount stood at 340,700, up 24 percent year-on-year. Workforce increased by 31 percent in offshore centers to 198,900 (58% of the total headcount) and by 16 percent onshore.

Aiman Ezzat, CEO of the Capgemini Group, said: “Capgemini delivered an excellent start of the year with a further growth acceleration versus the previous quarter. This is the fourth consecutive quarter with double digit growth. It clearly demonstrates the change of the Group’s growth profile and our ability to gain market share.

“We are taking full advantage of the strong alignment of our capabilities and offerings portfolio with the structural demand for digital transformation from our clients. Our digital transformation capabilities coupled with our strong industry focus enable us to be positioned as our clients’ key partner for their most ambitious transformations.”

The Group’s target for revenue growth in 2022 remains at 8 to 10 percent at constant currencies.