| Capgemini results rocket as "Booster Plan" is launched |
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| | Capgemini has this last week revealed strong quarterly revenue growth, most notably in the European market but with the US market also showing encouraging signs of growth.
In its Q1 2005 results announcement, Capgemini impressed with quarterly revenues of €1.7bn, up 19.1% year-on-year and 3.7 % on Q4 2004 results. The announcement marked the | |
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| | Europe, rising 22%, but the US market also produced positive results posting revenue growth of 8%. Growth in outsourcing revenues has been an important contributor to the turnaround success, with outsourcing revenues now representing 36% of revenues versus 28% in the first half of 2004. Also encouraging was the reported improvement in staff utilisation rates, | |
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| | now running at 78.6% compared with 75% in the year-ago period.
Alongside the revenue improvements, Capgemini have also introduced a new programme specifically to turnaround the profitability of the US business.
The "Booster Plan" being introduced by Capgemini's new hire Pierre Danon (formerly a senior executive at BT) | |
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| | is targeting three major changes in the North America business: An optimisation of the use of internal resources and a 30% reduction in subcontractors; strong leverage of offshore capabilities and; a slashing of support and administrative costs by 30%.
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| | third consecutive quarter of growth for Capgemini, following a more difficult period in the 2003/4 financial year.
Revenue growth was particularly strong in | |
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