Record results for Capgemini

Aiman Ezzat

Capgemini has released strong full year results for the year-ended 31 December 2021, reporting revenues of €18.1bn, up 14.6 percent on 2020 figures.

In 2021, Capgemini’s results exceeded all its targets as further raised in October. Constant currency growth was 15.1 percent, slightly above the raised target range of 14.5 to15 percent. Acquisitions had a net impact on growth of 4.9 points, mainly due to the consolidation of Altran in April 2020. Organic growth (excluding the impacts of currency fluctuations and changes in Group scope) was therefore up 10.2 percent.

Digital and cloud services – which account for around 65 percent of Capgemini’s activity – accelerated steadily throughout the year, with the company reporting strong double-digit growth. As expected, Capgemini also benefited from the synergies generated by the Altran acquisition, in particular in the intelligent industry market.

Operating margin in 2021 was up 25 percent at €2.3bn, while operating profit increased 22 percent at €1.8bn, or 10.1 percent of revenues. Bookings totalled €19.4bn in 2021, a year-on-year increase of 15.8 percent.

Aiman Ezzat, chief executive officer of the Capgemini Group, said: “Capgemini achieved a remarkable performance in 2021 in terms of growth, profitability and cash generation. This is a successful first step in achieving our 2025 ambition, driven by the acceleration of demand in cloud, data and AI. We are positioned as the strategic partner for our clients to succeed in their digital transformation. Our ability to attract and develop talent is a major asset for our sustained growth. Building on a good year in 2021, Capgemini will confirm the enhancement of its growth profile in 2022. I have full confidence in the Group’s ability to meet our targeted ambition.”