Capgemini, has reported revenues of €4.4 billion for first-half 2009, virtually identical to first half 2008. On a like-for-like basis (constant group structure and exchange rates), revenues suffered a 2.2% decline in line with forecasts.
In the first half, the fall in operating profit was down to €167m compared to €288m in the same period of the prior year. The fall in operating profit was due to the restructuring costs that the company incurred during the year.
The operating margin in the first half of 2009, was reported to be 6.6% of revenues, a decline of 1% compared to the operating margin of 7.6% of revenues in the same period of the 2008.
The company reported profit for the period of €78m, when compared to profit of €231m in the same period of the prior year.
In the first half, Outsourcing Services delivered 2.6% revenue growth on a like-for-like basis (constant Group structure and exchange rates). Technology Services and Consulting Services saw revenues slip by 2.6% and 13.4% respectively.
Capgemini anticipates that its revenues to decline by between 4% and 6% in the second half on a like-for-like basis, resulting in an overall decrease of 3% to 4% for the year. The company said that tighter cost control would allow them achieve an operating margin of around 7% of revenues.
