Salem Radio Network News Tuesday, October 19, 2021

Science

France’s Capgemini raises 2021 targets

(Reuters) – French consulting and IT services provider Capgemini on Wednesday raised its 2021 guidance, as it benefits from a global surge in demand for tech and cloud-based solutions that picked up speed during the pandemic.

The company, which offers consulting, digital and engineering services, now expects 2021 revenues up between 12% and 13%, an operating margin of 12.5% to 12.7% and an organic free cash flow above 1.5 billion euros ($1.77 billion).

It had previously guided for 2021 revenue growth of 7%-9% target range, operating margin of 12.2% to 12.4%, and an organic free cash flow above 1.3 billion euros.

($1 = 0.8460 euros)

(Reporting by Kate Entringer and Sarah Morland in Gdansk; Editing by Jacqueline Wong)

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