Salem Radio Network News Saturday, May 28, 2022


Capgemini Q1 revenue rises on data and cloud demand

(Reuters) -French IT consulting company Capgemini posted on Thursday an increase in first-quarter revenue, citing growth in its cloud and data activities as it takes advantage of clients’ digital transformation.

The firm, which offers consulting, digital, technical and engineering services, reported first-quarter revenue of 5.17 billion euros ($5.44 billion), up 17.7% year-on-year at constant exchange rates.

Bookings totalled 5.47 billion euros over January-March, up 26% at constant exchange rates compared to the same period last year.

Benefiting from a shift to cloud-based computing, Capgemini reported earnings that topped estimates for last year, though it warned that pressure for higher salaries and the cost of workers returning to the office would weigh on profits in 2022.

At the end of March, the Paris-based group’s total headcount stood at 340,700 people, up 24% year-on-year.

($1 = 0.9500 euros)

(Reporting by Valentine Baldassari; Editing by Subhranshu Sahu)


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