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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.     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 million, $296 million, in

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 three, covers the     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).        development and maintenance of application assets, which include more than 2,000 applications related to auto design,

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.     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 invest $150 million in China

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        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 customer call centre and applications development holding.