Capgemini Sees Targets Revenue Growth Of 9% To 10% In 2011

French IT services group Capgemini SA (CAP.FR) Thursday said it expects revenue to grow between 9% to 10% in 2011 and aims to improve its earnings before interest and taxes, or EBIT, margin between 0.5 points and one percentage point this year, a slightly lower margin target than the group had set back in early 2010.

MAIN FACTS:

- Revenue in 2010 rose 3.9% to EUR8.7 billion, above analyst expectations of EUR8.61 billion. On a like-for-like basis, excluding currency movements, acquisitions and disposals, revenue fell 1.1% in the year.

- Net profit for the period rose to EUR280 million, up from EUR178 million last year.

- EBIT however fell to EUR587 million from EUR595 million last year, giving the company an EBIT margin of 6.8% for the full year. Capgemini had targeted a margin of around 6.7% for the year.

- Capgemini in early 2010 said it aims to achieve an EBIT margin of 8% in 2011 but management didn't reconfirm this target last November.

- Capgemini said growth accelerated in the fourth quarter with revenue up 16% on a reported basis and 5.8% organically in the last three months of 2010.

- Bookings in consulting services, technology services and local professional services grew an average of 11% in the fourth quarter, Capgemini said. The book-to-bill ratio of the three businesses was 1.14 for the year as a whole and 1.21 for the fourth quarter.

-The company's board recommends to pay a dividend of EUR1 per share, up from the EUR0.80 per share paid last year.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1740; ruth.bender@dowjones.com

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