Digital Transformation Specialist Capgemini Shares Updated Financial Targets for 2021, Building on Solid Growth Momentum

The Board of Directors at Capgemini SE, chaired by Paul Hermelin, convened on July 27, 2021 in Paris in order to review and adopt the accounts of Capgemini Group for H1 2021.

Aiman Ezzat, CEO at Capgemini Group, said that Capgemini has been able to deliver an excellent 2021 first-half performance. Organic growth accelerated considerably during Q2 “reaching 12.9%, and H1 operating margin has materially improved,” Ezzat added.

Ezzat also mentioned that he’d like to pay tribute to their 290,000 team members who “continuously create value for our clients, in a context that remains challenging in several regions.”

Capgemini, which is a global leader in consulting, digital transformation, technology and engineering services, shared the following highlights:

  • Revenues of €8,711 million in H1 2021, up 14.9%
  • H1 constant currency growth of +17.9% and organic growth* of +7.1%
  • Q2 constant currency growth of +12.4% and organic growth of +12.9%
  • Operating margin rate up 1.2 points to 12.0%
  • +42% increase in Net profit, Group share, with normalized earnings per share* up 32%
  • Organic free cash flow up €323 million to €429 million
  • Raising all financial targets for 2021:
  • constant currency growth of +12.0% to +13.0%
  • operating margin of 12.5% to 12.7%
  • organic free cash flow above €1,500 million

Ezzat added that these results have been underpinned by two factors: “a structural acceleration in client demand for technology and the relevance of our strategic direction … They also exemplify our growth model based on our intimacy with strategic clients, the success of our innovative offerings, deep relationships with our technology partners and significant investments in human capital.”

Ezzat further revealed that they are “developing new solutions to help our clients reduce their carbon footprint, and have just launched our first offer for sustainable IT.”

He further noted that after observing the “excellent performance and the very solid prospects for the second half of the year, we have decided to significantly raise our growth, operating margin, and free cash flow targets for 2021.”

The Capgemini Group says it’s guided every day by its purpose of “unleashing human energy through technology for an inclusive and sustainable future.”

Capgemini also notes that it’s “a responsible and diverse organization of 270,000 team members in nearly 50 countries.”

With its solid 50-year heritage and deep industry expertise, Capgemini is “trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast-evolving and innovative world of Cloud, data, AI, connectivity, software, digital engineering and platforms.”

The Group reported in 2020 “global revenues of €16 billion.”

You may check out the complete report from Capgemini here.

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