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Capgemini gives upbeat 2005 outlook
 
 Capgemini posted wider
losses in the second
half of 2004 on
exceptional tax and
other charges but its
upbeat outlook for 2005
sent its shares up 6.4
per cent to $36.65
following the
announcement. 		 
  
   
 
 
 
 
 
 
 
 million, $296 million,
in the second half of
2004 from £136 million,
$178 million, in the
first, bringing its
full-year loss to £359
million, $474 million, -
82 per cent higher than
its 2003 loss.
   Revenue rose 9.4 per		 
 cent to $8.3 billion
from $7.6 billion, with
second-half sales
boosted by two major new
contracts with TXU Corp.
and Schneider Electric
SA.
   Capgemini forecast a
"significant
improvement" in the		 
 profitability of its
European operations in
2005, accompanied by a
10 per cent growth in
overall group revenue
and a "marked
improvement" on its
second-half operating
margin.
   		 
    Capgemini said its
loss increased to £226		 
 
Renault outsources IT operations for £587 million
 
 French auto maker
Renault has outsourced
the bulk of its IT
operations to Atos
Origin, Computer
Sciences Corporation and
Hewlett-Packard in
five-year contracts
worth £587 million ($789
million).
   Atos Origin's
contract, worth £300
million ($404 million)
and the largest of the		 
  
   
 
 
 
 
 
 
 
 related to auto design,
manufacturing, sales,
marketing, and support.
Renault said the
contract is a strategic
component of its growth
and globalisation
strategies. Atos Origin
said it would service
the contract from
resources based mainly
in service centres in
France, Spain, Brazil
and India. 		 
    Under the terms of
the £175 million ($236
million) agreement, CSC
will provide
infrastructure
management services,
including network,
midrange and mainframe
support to Renault sites
in France and Spain. CSC
is confident the deal
will help it grow in the
French outsourcing
market. 		 
    HP will manage
Renault's global desktop
systems including all
PCs, workstations, local
and network printers,
video conferencing and
other equipment. The
deal, which will support
all 87,000 of Renault's
users in 26 countries,
is valued at £112
million ($150 million).
   		 
 three, covers the
development and
maintenance of
application assets,
which include more than
2,000 applications		 
 
Deloitte acquires Chinese accounting firm
 
 Deloitte has announced
it will acquire Beijing
Pan-China CPA, one of
China's largest
accounting firms.
Financial terms of the
deal, which is expected
to take effect on June
1, were not disclosed. 		 
  
   
 
 
 
 invest $150 million in
China during the next
few years. It has been
reported that two-thirds
of that money has been
earmarked for
acquisitions and hiring
of local talent.
   China's booming		 
 economy and the desire
of Chinese companies to
expand globally are seen
as factors converging to
create great potential
for professional
services firms.
   Following China's
entry into the World		 
 Trade Organization, a
number of domestic firms
are seeking business
opportunities abroad.
Deloitte hopes to offer
tax preparation services
and help with overseas
listings.
   		 
    Deloitte has
quadrupled its presence
in China during the last
two years, and has
announced plans to		 
 
LogicaCMG expands nearshore capabilities
 
 LogicaCMG opened its
Waterton offices in
Bridgend this month as
part of an investment
programme announced last
year, which is to create
more than 750 new jobs
by 2007.
   The new facility at
Waterton houses
LogicaCMG's expanding		 
  
   
 
 
 
 
 
 customer call centre and
applications development
holding.
   LogicaCMG's strategy
is to provide clients
with a unique "hybrid"
outsourcing portfolio
which offers a blend of
onshore/offshore
services.
   Jim McKenna, group		 
 chief operating officer,
LogicaCMG, said:
"Outsourcing currently
comprises 39 per cent of
UK revenues for 2004 and
this will continue to
grow in 2005 to meet
customer demand, with
our Welsh operations
playing a key role."
   The expansion		 
 continues to offer
LogicaCMG greater
potential to win larger
contracts, employ a
broader range of skills
and recruit high caliber
staff due to the greater
range of career
opportunities and
interesting assignments
on offer. 		 
 onshore business process
outsourcing (BPO)
capability which
includes a new document
handling facility, a		 
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