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Capgemini sees annual revenues drop 5.5%
 Capgemini reported total
revenues for the year
ended December 31, 2009
of € 8.37 billion, down
3.9% on 2008 published
revenues. On a
like-for-like basis
revenues fell 5.5% on
last year.
   Bookings totalled
€9.28 billion during the
year, down 2% on
comparable figures for
last year. Outsourcing
Services – and
particularly Business
 Process Outsourcing –
proved particularly
dynamic, with a 14%
surge in bookings.
Bookings in the other
businesses had an
average book-to-bill
ratio of 1.08.
   Net other operating
expense is €262 million
and mainly comprises
restructuring costs
(€213 million)
necessitated by the drop
in demand. As a result,
operating profit is only
 profit for the year is
€178 million.
   Capgemini said the IT
services market appears
to be stabilizing in the
first half of 2010. The
group has, in
particular, noted a
significant increase in
the appetite of clients
for larger projects and,
in several geographical
areas, a turnaround in
the attrition rate,
which generally reflects
an upturn in activity.
 Capgemini will record a
further fall in revenues
in the first half of
2010, before a return to
growth in the second
half of the year. For
2010 as a whole, the
group forecasts a slight
contraction of between
2% and 4% on a
like-for-like basis,
with an operating margin
rate of between 6% and
 €333 million.
   The net financial
expense is €93 million
and was heavily affected
by the fall in
short-term interest
rates, which led to a
marked decrease in
returns on cash
investments. After the
income tax expense of
€61 million, group
Atos Origin achieves 2009 operating margin goal
 Atos Origin announced
its results for the full
year ending 31 December
2009, reporting revenue
of €5.13 billion, down
3.7% compared to 2008 at
constant scope and
exchange rates.
   Operating margin
reached €290 million,
representing 5.7% of
revenue and up more than
80 basis points compared
to 2008. At same scope
and exchange rates,
operating margin
increased by 13%. Atos’
objective was to
increase its operating
margin rate by 50 to 100
basis points during the
   Net income for the
year was €32 million
after several non
recurring items,
including a €154 million
company restructuring
 charge, compared to €23
million in 2008.
Adjusted net income was
€196 million, up by 9%
on 2008.
   Thierry Breton,
Chairman and CEO of Atos
Origin declared:
“Despite a declining
economy in 2009, the
Group achieved its
objectives. The
operating margin
increased by more than
80 basis points and the
cash flow generation
improved to reduce the
net debt by 165 million
   “The transformation
of the Group, in
particular through its
deep reorganisation and
the TOP Program, allows
us to pursue in 2010
according to our plan
the improvement of the
profitability and the
 slight increase.
   Due to the Arcandor
bankruptcy, Atos expects
in 2010 a slight revenue
organic decrease,
however at a lesser
extent than the one seen
in 2009.
   Representing 5% of
revenues, Consulting
revenue reached €248
million down 23.7% at
same scope and exchange
rates compared to 2008.
   Throughout the year,
this activity faced
tough market conditions,
in particular due to
delays or cancellations
of projects from large
customers. However,
during the fourth
quarter, Consulting grew
sequentially by 14.1%.
   Revenue by
geographical area
   The United Kingdom
reported organic growth
of 7.4% thanks to the
contribution of Managed
   France saw a slight
decline of 3.0%; Rest of
the World declined 4%
thanks to the growth in
   Benelux reported a
decline of 13.6%
affected throughout the
year by the weight of
cyclical activities,
namely Consulting and
Time & Materials.
   Germany Central
Europe / EMA was down by
6.7% and Iberia / South
America by 10.1% due
mainly to the negative
impact of cyclical
 reduction of the
financial debt.”
   Orders in 2009
totalled €5.15 billion
in 2009, down 3%
organically compared to
2008. At 31 December
2009, full backlog was
€6.8 billion,
representing 1.3 year of
revenue. This amount
includes the
cancellation of almost
EUR 400 million due to
Arcandor’s bankruptcy.
   The full qualified
pipeline was €3 billion,
up 14% compared to 2008,
mainly thanks to HTTS
and Medical BPO; Systems
Integration showed a
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