Capgemini has announced its H1 2021 results:
- Revenues were €8,711m, up 14.9% y/y, up 17.9% y/y at CC.
- Adjusted EBIT was €1,042m, a margin of 12.0%, up 1.2 pts
- EBIT was €812m, a margin of 9.3%, up 1.7 pts
- Net debt was €4,826m, down from €6,008m in H1 2020.
Q2 2021 revenues were €4,440m, up 10.1% y/y, up +12.4% y/y at CC, and up 12.9% organic.
H1 2021 revenue breakdown (and y/y revenue growth on an actual and CC basis) was:
- North America: €2,478m (+3.3%, +12.3%)
- U.K. and Ireland: €1,019m (+19.3%, +18.3%)
- France: €1,872m (+16.2%, +16.2%)
- Rest of Europe: €2,710m (+24.8%, +23.7%)
- APAC and LatAm: €633m (+16.4%, +21.3%)
Q2 2021 revenue breakdown (and y/y revenue growth on an actual and CC basis) was:
- North America: €1,271m (+0.3%, +9.0%)
- U.K. and Ireland: €516m (+16.6%, +13.6%)
- France: €941m (+9.9%, +9.9%)
- Rest of Europe: €1,374m (+15.2%, +14.2%)
- APAC and LatAm: €338m (+22.7%, +25.0%)
H1 2021 revenue share (with estimates of net revenue and CC growth) by sector was:
- Financial Services: 22% (€1,916m), +7.2%
- Energy & Utilities: 9% (€784m), +4.8%
- Manufacturing: 25% (€2,178m), +29.8%
- Consumer goods & retail: 12% (€1,045m), +17.6%
- Public sector: 14% (€1,220m), +14.3%
- Telecom, media & technology: 13% (€1,132m), +37.2%
- Services: 5% )€436m), +12.4%.
Q2 2021 revenue share (with estimates of net revenue and CC growth) by sector was:
- Financial Services: 22% (€977m), +5.4%
- Energy & Utilities: 8% (€355m), +1.2%
- Manufacturing: 25% (€1,110m), +19.2%
- Consumer goods & retail: 13% (€577m), +22.6%
- Public sector: 14% (€622m), +13.3%
- Telecom, media & technology: 13% (€577m), +9.8%
- Services: 5% (€222m), +16.6%.
H1 2021 revenue growth on a CC basis by service line was:
- Strategy & Transformation: +27.3%
- Application & Technology: +10.1%
- Operations & Engineering: +33.6%
Q2 2021 revenue growth on a CC basis by service line was:
- Strategy & Transformation: +29.3%
- Application & Technology: +14.6%
- Operations & Engineering: +7.7%
H1 2021 adjusted operating margin (and in H1 2020) by region:
- North America: 15.7% (14.4%)
- U.K. & Ireland: 17.6% (14.3%)
- France: 7.5% (6.9%)
- Rest of Europe: 11.5% (10.2%)
- APAC & LatAm: 12.5% (10.5%).
Headcount at the end of H1 2021 was 289,500, up 9.2%. Low-cost locations now represent 56% of Capgemini's headcount.
Q2 bookings were €4,927m, up 14.3% y/y at CC.
Capgemini has updated guidance for full-year 2021:
- Revenue growth of +0-13.0%, instead of the previous 7.0-9.0%
- An adjusted operating margin of 5-12.7%, a change from the previously stated 12.2-12.4%
- Organic FCF over €1,500, compared with the previous €1,300
Vendor | Capgemini |
Initial currency type (specify local currency used) | Euro |
Period Ending | 2021-06-30 |
Growth | 10.1 |
Revenues ((m) in local currency | 4440 |
Revenues (in $m at that date) | 5247 |