Q1 2010 Revenues - Capgemini€¦ · 2010 Q1 Revenues Together. Free your energies Stabilization...

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Paris, May 6, 2010

Q1 2010 Revenues

2010 Q1 Revenues


Stabilization Confirmed, several Positive Signs

A Group performance slightly ahead of expectations with a -2.2% sequential organic growth, in line with usual seasonality

• Good sequential results in Consulting and Local Professional Services, +3.3% and -0.9%

Signs of increasing demand for our services

• Bookings in Q1 in line despite a strong finish in 2009

• A 1.30 book-to-bill ratio in project and consulting activities in North America

• Technology Services in the Financial sector now globally growing year on year, +3.3%

• Confirmation of our go-to-market choices with our global offers representing 1/3 of our bookings in Q1

• Stabilization of prices across the board

Managers starting to recruit again, supported by HR campaigns in India, France, the Netherlands and Germany

• Headcount growth, +1.4%, with a strong offshore push, +5.3%, to be continued in Q2

• A Group headcount ended at 91.792 people in March, above the end of 2008 level

Full acquisition of Strategic Systems Solutions, previously 49% owned

• Capital markets specialist, 655 people and €30+ M revenues in 2009, adding new platforms to the Group in China, Singapore and the Philippines

© 2010 Capgemini. All rights reserved

Financial analysts

2

2010 Q1 Revenues



Financial analysts

3

2205 2171

1946

2049 2052

1400

1600

1800

2000

2200

2400

Q1 09 Q2 09 Q3 09 Q4 09 Q1 10

in M€

Revenues Quarterly Evolution

Q1 2009 Q2 2009 H1 2009 Q3 2009 Q4 2009 H2 2009 FY 2009 Q1 2010

M€ (Published) 2 205 2 171 4 376 1 946 2 049 3 995 8 371 2 052

Sequential Current Growth - 1.5% - 10.4% 5.3% 0.1%

Sequential Organic Growth - 1.6% - 10.0% 6.5% - 2.2%

Year-on-Year Current Growth - 6.9%

Year-on-Year Organic Growth - 7.8%

2010 Q1 Revenues



Financial analysts

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Sequential Year on year

Q1 10 / Q4 09 Q1 10 / Q1 09

Consulting Services 3.3% - 8.8%

Technology Services - 2.8% - 9.5%

Local Professional Services - 0.9% - 8.1%

CS / TS / LPS - 1.7% - 9.1%

Outsourcing Services - 3.3% - 5.2%

TOTAL GROUP - 2.2% - 7.8%

At constant rates and perimeter

Q1 2010 Revenue Growth by Discipline

17.0%

41.1%

35.3%

6.6%

Consulting

Services

Technology

ServicesOutsourcing

Services

Local Professional

Services

2010 Q1 Revenues


Current Organic

Current SequentialYear on

yearSequential

Year on

year

Q1 2009 Q4 2009 Q1 2010Q1 10/

Q4 09

Q1 10 /

Q1 09

Q1 10 /

Q4 09

Q1 10 /

Q1 09

North America 422 366 371 1.3% - 12.0% - 5.9% - 9.7%

France 525 509 488 - 4.1% - 7.0% - 4.0% - 7.1%

UK & Ireland 456 431 453 5.2% - 0.6% 2.9% - 3.0%

Benelux 386 338 318 - 6.0% - 17.6% - 6.0% - 17.6%

Rest of Europe, Asia &

Latin America416 405 422 4.2 % 1.5% 0.9% - 3.2%

TOTAL 2 205 2 049 2 052 0.1 % - 6.9% - 2.2% - 7.8%

Q1 2010 Revenues by Main Geographies

22.0%

15.5%

23.8%

20.6% 18.1%

Benelux

North

America

UK

& Ireland

France

Rest of Europe,

Asia & Latam

(in M€)


Financial analysts

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2010 Q1 Revenues


At budget rates and constant perimeter

Q1 2010 Revenues by Sector

11.2%

17.6%

6.9%

27.4%

28.7%

8.2%

Energy, Utilities

& Chemicals

Financial

Services

Other

Public Sector

Manufacturing,

Retail &

Distribution

Telecom, Media &

Entertainment

Q1 2010 /

Q1 2009

Financial Services

Energy, Utilities & Chemicals

Manufacturing, Retail & Distribution

Public Sector

Telecom, Media & Entertainment

Others

- 2.6%

- 20.2%

- 4.6%

- 9.4%

- 8.8%

- 0.7%

Total - 7.7%


Financial analysts

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2010 Q1 Revenues


Headcount as of Dec. 31, 2009 90 516

Recruits * 5 274

Acquisitions / Outsourcing Deals ** 268

Disposals - 13

Layoffs - 817

Leavers - 3 436

Headcount as of March 31, 2010 91 792

(*) out of which : 2 686 in India

661 in other offshore locations

Headcount Evolution

March YTD Attrition March 09 March 10

Consulting Services

Technology Services

Local Professional Services

Outsourcing Services

16.0%

10.6%

15.1%

9.1%

18.6%

14.8%

13.1%

14.5%

Total Disciplines 11.4% 14.5%

63% OFFSHORE

(**) out of which : 197 for IBX


Financial analysts

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2010 Q1 Revenues


50

60

70

80

90

7069

6667

63

7678

7981

7980 81 81 82 81

Consulting Services Technology Services Local Professional Services

Utilization Rates by Discipline

Q2 Q4

2009

Q3Q1 Q1

2010

Q2 Q4

2009

Q3Q1 Q1

2010

Q2 Q4

2009

Q3Q1 Q1

2010

At constant perimeter


Financial analysts

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2010 Q1 Revenues


479 477

444461

444

350

400

450

500

550

600

2009 2010

Charge-Out Rates

1 1521 148

1 095

1 122 1 115

1000

1050

1100

1150

1200

1250

1300

1350

2009 2010

479 480470 476

467

350

400

450

500

550

2009 2010

Consulting Services

Technology ServicesLocal Professional Services



Financial analysts

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2010 Q1 Revenues


At constant rates & perimeter

1469

687

1501

580

1235

648

1559

1185

1382

691

0

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

Q1 09 Q2 09 Q3 09 Q4 09 Q1 10

Outsourcing

Consulting/Technology/LocalProfessional Services

M€

2 156

Bookings Evolution by Discipline

2 0811 883

2 744

2 073


Financial analysts

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2010 Q1 Revenues


Consulting / Technology / Local Professional Services

Bookings Revenues Book-to-bill ratio

North America 275 212 1.30

Rest of the world 1 107 1 096 1.01

TOTAL 1 382 1 308 1.06

At budget rates

M€

Book-to-Bill Evolution


Financial analysts

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2010 Q1 Revenues


Management Cockpit

Units 2 pts below last year for

last 2 consecutive months

Units 3% below last year for last

2 consecutive months

Units dropping the growth rate of H1 for

the last 3 consecutive forecasts

Units reducing Q1 10 recruitment

vs. Q4 09

Units with a negative net variation

of headcount in Q1 10

Onshore Utilization Onshore Prices

Growth

Onshore Recruitments

in % of Group Revenue

Onshore Headcount

Net Variation

12© 2010 Capgemini. All rights reserved

Financial analysts


Q1 2010 Revenues

Back-up

Paris, May 6, 2010

2010 Q1 Revenues



Financial analysts

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Current Organic

Current Sequential Year on year Sequential Year on year

M€ Q1 2009 Q4 2009 Q1 2010Q1 10 /

Q4 09

Q1 10 /

Q1 09

Q1 10 /

Q4 09

Q1 10 /

Q1 09

North America 422 366 371 1.3% - 12.0% - 5.9% - 9.7%

Europe & Asia

of which :1 783 1 683 1 681 - 0.1% - 5.7% - 1.4% - 7.3%

France 525 509 488 - 4.1% - 7.0% - 4.0% - 7.1%

UK & Ireland 456 431 453 5.2% - 0.6% 2.9% - 3.0%

Benelux 386 338 318 - 6.0% - 17.6% - 6.0% - 17.6%

Nordic 132 128 136 6.3% 2.9% 0.0% - 6.4%

Germany & Central

Europe140 130 130 0.2% - 6.8% - 1.3% - 8.0%

Southern Europe &

Latam113 111 116 4.2% 2.0% 3.5% 1.3%

Asia Pacific 31 36 40 11.5% 30.4% 3.7% 14.8%

TOTAL 2 205 2 049 2 052 0.1% - 6.9% - 2.2% - 7.8%

Q1 2010 Revenues by Geography

2010 Q1 Revenues


Q1 2010 Revenues by Geography


Financial analysts

15

21.0%

6.5%17.3%

6.3%

18.5%

23.6%

1.6%

5.2%

Q1 2009


Benelux

North America

UK

& Ireland

Nordic

Countries

Germany

& Central

Europe

France

Asia

Pacific

22.0%

6.6%15.5%

6.3%

18.1%

23.8%

2.0%

5.7%

Q1 2010

Benelux

North America

UK

& Ireland

Nordic

Countries

France

Asia

Pacific

Germany

& Central

Europe

Southern

Europe &

Latam

Southern

Europe &

Latam

2010 Q1 Revenues



Financial analysts

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Q1 2009

41.8%

6.7%17.1%

34.4%


Consulting

Services

Technology

ServicesOutsourcing

Services

Local Professional

Services

Q1 2010 Revenues by Discipline

Q1 2010

6.6%

35.3%

41.1%

17.0%

Consulting

Services

Technology

Services

Outsourcing

Services

Local Professional

Services

2010 Q1 Revenues


Group Headcount by Discipline

Mar. 09 Jun. 09 Sep. 09 Dec. 09 Mar. 10 Mar. 10/ Mar. 09

Mar. 10/ Dec. 09

Consulting

Services4 256 4 110 3 949 3 834 3 757 - 11.7% - 2.0%

Technology Services 40 914 39 403 39 380 40 541 41 282 0.9% 1.8%

Outsourcing Services 26 889 27 180 27 689 28 035 28 677 6.6% 2.3%

Local Professional Services 18 778 18 530 18 033 17 879 17 878 - 4.8% 0.0%

TOTAL GROUP(*) 91 064 89 453 89 278 90 516 91 792 0.8% 1.4%

(*) including not classified headcount


Financial analysts

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2010 Q1 Revenues



Financial analysts

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Group Headcount by Geography

NORTH AMERICA :

• Opening: 8,379

• Closing: 8,100

• Change in Person: - 279

• Change in %: - 3.3 %

UK & IRELAND :

• Opening: 7 844

• Closing: 7 976

• Change in Person: +132

• Change in %: +1,7%

ITALY :

• Opening: 1 510

• Closing: 1 508

• Change in Person: -2

• Change in %: -0,1%

IBERIA & Latin America:

• Opening: 6 604

• Closing: 6 743


• Change in %: 2.1%

FRANCE :

• Opening: 20 032

• Closing: 19 892



BENELUX :

• Opening: 11 163

• Closing: 10 856



ASIA PACIFIC :

• Opening: 24 008

• Closing: 25 208

• Change in Person: +1 200


CENTRAL EUROPE :

• Opening: 7 724

• Closing: 7 797



NORDIC :

• Opening: 4,049

• Closing: 4,008

• Change in Person: - 41

• Change in %: - 1.0 %

TOTAL GROUP:

Opening: 90 516 Closing: 91 792 D in P: +1 276 D in %: +1,4%

NORTH AMERICA :

• Opening: 7 950

• Closing: 8 014



NORDIC :

• Opening: 3 681

• Closing: 3 798


• Change in %: +3,2 %


Q1 2010 Revenues

Paris, May 6, 2010

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