Capgemini raises outlook after strong Q3

Capgemini Group has reported financial results for Q3 2021, revealing consolidated revenues of €4.5bn, up 13.6 percent year-on-year.

The company saw a 15 percent rise in bookings, and an operating margin of 12.7 percent.

Digital and cloud services reported double-digit growth in Q3 2021, accounting for more than two-thirds of the group’s business. Following the results, Capgemini is raising all its 2021 financial targets, aiming for growth of 14.5 to 15 percent, instead of the 12 to 13 percent target set previously.

Aiman Ezzat, CEO of Capgemini Group, said: “The strong growth achieved in Q3 reflects the strengthening of the positive trends of the past few quarters in all sectors and regions. This momentum confirms that we made the right moves to position the group as a strategic partner for the digital transformation of large corporations and organizations, leveraging cloud and data/AI. Our digital offering portfolio covers the entire value chain from product and services design to customer experience. We continue to accelerate the introduction of new industry-specific offerings in the fast-growing markets of intelligent industry, customer experience and sustainability.

“We are able to attract the right talents to fuel our growth, crossing the 300,000 employees mark this quarter and increasing our headcount by nearly 20,000 people. I am extremely proud of the achievements of our teams across the world and considering these excellent results and the outlook for the coming months, we are raising all our 2021 financial targets.”

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