Strong H1 results see Capgemini raise full year outlook

The Capgemini Group has reported H1 2022 revenues of €10.7bn, up 22.7 percent year-on-year.

The company saw H1 organic growth of 18.5 percent at constant exchange rates, and Q2 growth of 19.3 percent, confirming the strong momentum previously observed in Q1.

Capgemini’s operating profit was up 32 percent in H1 to $1.07bn, or 10 percent of revenues.

Capgemini says the growth has been driven by its Intelligent Industry and Customer First business areas, including the activities driven by Cloud and Data, illustrating the importance of digital transformation for its clients and the structural increase in their investments in technology.

Aiman Ezzat, chief executive officer of The Capgemini Group, said: “The Group achieved a very good performance in the first half. This is the fifth consecutive quarter of double-digit growth and strong bookings demonstrating our strong momentum and market share gains. Our operating margin continues to improve while we kept on increasing our investments in talent and innovation.

These results illustrate the relevance of our strategy in a market driven by structural demand for digital transformation which will remain a priority for our clients in the coming years.

“Recently, we supported our clients on major strategic and value-creating projects, leveraging our expertise in cloud, data and intelligent industry. We also enriched our portfolio of sustainability offerings. The transition to ‘net zero’ is a priority. We therefore raise our targets for emissions reduction and are proud to be one of the first companies in the world to have its targets validated against the new SBTi standard. Building on this excellent performance, we raise significantly our growth target for the year and confirm our operating margin and organic free cash flow targets.”

Capgemini has raised its growth objective for 2022 and is now aiming for revenue growth of between 14 and15 percent at constant currency, instead of the 8 to 10 percent expected previously.