FRENCH IT services firm Capgemini yesterday reported a 1.2 per cent surge in revenues to €10.3bn (£8.9bn) for the past year.
It marks the first time the IT services group, Europe’s largest based on market capitalisation, has seen full-year revenues top €10bn.
The 1.2 per cent revenue rise is on a like-for-like basis, stripping out the impact of the rise of the US dollar and sterling against the euro, as well as the contribution of Prosodie – the French internet and telecoms services company it bought for €382m in 2011.
Operating margin, which measures the difference between revenue and operating and administrative costs – and is used as a key way to judge the group’s performance, edged up to 7.7 per cent in 2012 compared to 7.4 per cent in 2011.
Capgemini predicted this margin would rise further in 2013, hitting 8.3 per cent.
And despite the economic turmoil, Capgemini said it expected to deliver similar levels of revenue growth in 2013.
Paul Hermelin, chairman and chief executive officer of Capgemini, described 2012 as a “solid performance”.
Hermelin also said the firm had “strengthened” its global focus. While France remains its top revenue earner, it said North America saw organic revenue growth of seven per cent, while like-for-like revenue growth in the UK and Ireland was 0.9 per cent.