Capgemini crosses €10 billion revenues milestone

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Capgemini crosses €10 billion revenues milestone 
Capgemini has announced its performance report 2012 in Paris by the Board of Directors of Cap Gemini Paul Hermelin. 
Despite a slow market, 2012 saw the Group cross the €10 billion revenues milestone (€10,264 million) which is up by 5.9 % according to the report. 
Bookings during the year totaled €10,084 million with book-to-bill ratio of 1.07 and was 1.16 for the fourth quarter for Technology Services, Local Professional Services (Sogeti) and Consulting Services together, confirming the dynamism of these activities.
The operating margin rate is €787 million which is 7.7% of 2012 consolidated revenues, representing an increase of 0.3 points. Profit for the year attributable to shareholders is €370 million after an income tax expense which increased by 40.0% (€140 million).Net cash and cash equivalents total €872 million up €418 million year-on-year. Cumulated organic free cash flow for the period 2012-2013 is anticipated to be between €750 and 800 millions.
Paul Hermelin, Chairman and Chief Executive Officer of the Capgemini Group said, “Despite the economic slowdown observed in 2012 in the euro zone, the Group reports a solid performance – in line with its commitments– and proves once again its ability to hold firm against economic fluctuations. We have strengthened our global focus – as demonstrated by our success in North America, the world’s leading IT services market –, grew our offshore resources and enriched our services portfolio. In 2013 more than eve.....See More

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more