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2021-10-28

Capgemini Press release// Capgemini raises all its 2021 financial targets after an excellent third quarter

Media relations:
Victoire Grux
Tel.: +33 6 04 52 16 55
E-mail: victoire.grux@capgemini.com

Investor relations:
Vincent Biraud
Tel.: +33 1 47 54 50 87
E-mail: vincent.biraud@capgemini.com

  

Capgemini raises all its 2021 financial targets
after an excellent third quarter 

  • Revenues of €4,552 million, up +12.9% at constant currency1* and +13.2% organically2*
  • Bookings up 15% at constant currency
  • 2021 financial targets raised to:
    • constant currency growth between +14.5% and +15.0%
    • operating margin greater than 12.7%
    • organic free cash flow above1,700 million

  

Paris, October 28, 2021 - Capgemini Group reported consolidated revenues of €4,552 million in Q3 2021, up 13.6% year-on-year at current exchange rates and 12.9% at constant exchange rates*.

Aiman Ezzat, Chief Executive Officer of the 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.

 (in millions of euros) Change
Revenues

 
2020
2021

 
 At current
exchange rates
At constant
exchange rates*
Q34,008 4,552 +13.6%+12.9%
9 months11,58913,263 +14.4%+16.1%

Capgemini growth accelerated further in Q3 2021. With Q3 2021 revenues of €4,552 million, constant currency growth was +12.9% year-on-year, exceeding Q2 growth of +12.4%. Organic growth (i.e. adjusted for Group scope and exchange rates) was +13.2% year-on-year, compared with +12.9% in Q2. This performance is all the more remarkable as the comparison base was much higher in Q3.

Digital and Cloud services reported solid double-digit growth in Q3 2021, accounting for more than two-thirds of the Group’s business3.

For the first nine months of the year, growth reached +14.4% on a reported basis and +16.1% at constant exchange rates, while organic growth stood at +9.1%. This momentum reflects the Group’s excellent positioning and the strength of its portfolio of innovative offerings.

OPERATIONS BY REGION

  Change in revenues vs. 2020
  Q1 2021Q2 2021Q3 2021 
Growth at constant Group scope and exchange rates +1.7%+12.9%+13.2% 
Impact of changes in Group scope4 +22.5 pts-0.5 pt-0.3 pt 
Growth at constant exchange rates +24.2%+12.4%+12.9% 
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