Capgemini Confirms Full-Year Goals Despite Macro Concerns

French IT services company Capgemini SA (CAP.FR) Thursday confirmed its full-year targets as first-half revenue and profits rose.

MAIN FACTS:

- Net profit in the first six months rose to EUR127 million from EUR100 million.

- Revenue for the first half rose 12.9% to EUR4.76 billion, partly boosted by recent acquisitions and beating analyst's forecast of EUR4.72 billion.

- On a like-for-like basis, excluding acquisitions, disposals and currency fluctuations, revenue grew 7.4% in the first half, with 8.4% growth in the second quarter.

- Earnings before interest and taxes, or EBIT, rose to EU289 million in the quarter, from EUR245 million last year, missing analyst views. The group's EBIT margin came in at 6.1% in the first half, up from 5.8% last year.

- Despite the macro-economic uncertainties, which still remain in the majority of countries, and an exchange rate impact which will probably be at least as unfavorable as in the first half of the year, the group confirmed its full-year goals.

Capgemini confirmed it still expects 2011 revenue to grow 9% to 10%, with organic revenue growing at least 5%. 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 2011.

- Bookings in the first half of the year totaled EUR5.21 million, roughly in line with the first half of 2010, which was marked by the renewal or extension of several major outsourcing contracts.

- Capgemini recruited close to 16,500 new employees during the half-year. On June 30, the group's total headcount was 114,274, up nearly 20% on June 30, 2010.

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

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