Capgemini: H1 income down 20%
(CercleFinance.com) - Capgemini has reported H1 2020 net income, group share that is down 20% at 311 million euros, although its operating margin rose by 3% to 818 million euros, or 10.
8% of revenue, down 0.6 point.
The IT services group generated revenues of 7,581 million euros, up 7.9% at constant exchange rates and down 3.4% in organic terms. Its book-to-bill ratio exceeded that of 2019 over the same period, reaching 103%.
Capgemini has set a FY 2020 revenue growth target range, at constant exchange rates, of between 12.5% and 14%, forecasting its operating margin to fall by between 0.6 point and 0.9 point from the 12.3% achieved in 2019.
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8% of revenue, down 0.6 point.
The IT services group generated revenues of 7,581 million euros, up 7.9% at constant exchange rates and down 3.4% in organic terms. Its book-to-bill ratio exceeded that of 2019 over the same period, reaching 103%.
Capgemini has set a FY 2020 revenue growth target range, at constant exchange rates, of between 12.5% and 14%, forecasting its operating margin to fall by between 0.6 point and 0.9 point from the 12.3% achieved in 2019.
Copyright (c) 2020 CercleFinance.com. All rights reserved.