Strong Q1 growth for Capgemini Group

Aiman Ezzat

Capgemini Group has reported Q1 2021 revenues of €4.27m, an increase of 24% year-on-year.

Growth momentum improved in all Capgemini Group sectors in Q1 2021, with its manufacturing sector reporting the most significant improvement and making up 25% of group revenues. The public sector maintained its strong performance, providing 14% of group revenues and reporting double-digit growth.

Capgemini Group’s bookings totalled €4.2m in Q1 2021, up 27.3% at constant exchange rates year-on-year.

Aiman Ezzat, Capgemini Group CEO, said: “We delivered an excellent performance in the first quarter of 2021, with a return to organic growth. Growth was stronger than anticipated and activity even surpassed pre-health crisis levels, reflecting not only a more dynamic market but also the accelerated deployment of our strategy. Performance improved across all our geographies and sectors. We are strongly positioned in cloud and data, the main drivers of technology and business transformation in the years to come, which fuelled this performance. The first quarter was also marked by a return to large-scale recruitment to meet client demand. In this context, our growth for 2021 should exceed the mid-point of the targeted range.”

For the full year 2021, the Capgemini Group aims to achieve constant currency growth of 7% to 9%, an operating margin at its 2019 level of between 12.2% to 12.4% and an organic free cash flow above €1.3m.