Capgemini Q3 hails company-wide double-digit growth

Aiman Ezzat - CEO Capgemini | Capgemini Group

Capgemini Group reports sustained growth in revenues, after seeing a 22 percent year-on-year rise as third quarter results go live, (15.7 percent at constant exchange rates) equating to consolidated revenues of €5.553m.

Bookings for the company totaled €5,427m in quarter three, a 13 percent increase at constant exchange rates year-on-year, translating to a book-to-bill ratio of 0.98. The Group’s headcount has additionally increased 16 percent year-on-year.

Every operational region for Capgemini has seen double-digit growth year-on-year, with Asia Pacific and Latin America, North America, and the UK and Ireland seeing the largest rises of 35.9 percent, 32.6 percent, and 17.2 percent respectively (24.1 percent, 14.7 percent and 17.2 percent at constant exchange rates). Manufacturing, financial services, and (UK and Ireland) public sector industries were stated as some of the main drivers for increases in these regions.

All Capgemini Group business lines also reported similar double-digit revenue rises with strategy and transformation services seeing the largest growth of 28.5 percent at constant exchange rates. The quarter’s results set Capgemini well on track to reach the company’s revenue growth target of a 14-15 percent increase by year-end.

Aiman Ezzat, chief executive officer of the Capgemini Group, commented: “We are reaping the benefits of our strategy and market positioning, with our unique capabilities from consulting to technology and engineering combined with relevant industry expertise. We continue to invest in the high demand areas of cloud, data and AI, Intelligent industry and cybersecurity, where Capgemini is recognized as a leader by many industry analysts.

“We are accelerating our investments in the ‘what’s next’ with a focus on sustainability, quantum computing, and metaverse. Given this very good Q3 performance, we now feel comfortable with the top end of our growth outlook for 2022.”