Capgemini Confirms 2011 Targets As 1Q Revenue Rises 15%

French IT services company Capgemini SA (CAP.FR) Thursday confirmed its full-year outlook after posting a rise in first-quarter revenue as IT services markets continued to improve at the start of the year.

MAIN FACTS:

- Revenue for the first quarter rose 15% to EUR2.45 billion, boosted by recent acquisitions, notably CPM Braxis in Brazil.

- On a like-for-like basis, excluding acquisitions, disposals and currency fluctuations, revenue grew 6.4% in the quarter, driven by growth across its businesses as even consulting services enjoyed a return to growth of 1.2% in the quarter.

- Capgemini confirmed it still expects 2011 revenue to grow 9% to 10%. The group also still aims to improve its earnings before interest and taxes, or EBIT, margin by between half and one percentage point this year from 6.8% in 2010.

- Bookings in the first quarter totaled EUR2.42 billion, up 5.4% from the same period last year.

- The book-to-bill ration for consulting, technology and local professional services was 1.09 in the quarter.

- While North America grew 10.2% in the quarter and France 7.4%, revenues remained stable in the U.K. and Ireland, affected by substantial cuts in public sector purchases, and the Benelux region, which is still marked by two years of economic crisis.

-Capgemini recruited nearly 9,000 employees in the quarter, bringing its total headcount to 112,127 as of March 31, up 20% in one year, Capgemini said.

- By Paris Bureau, Dow Jones Newswires; +331-4017-1754; ruth.bender@dowjones.com

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