Revenue for the third quarter was at 4.55 billion euros compared to 4.01 billion euros, last year. The growth was 13.6% on a reported basis and 12.9% at constant exchange rates, for the quarter. Bookings were 4.61 billion euros, a 15% YoY increase at constant exchange rates.
“The strong growth achieved in Q3 reflects the strengthening of the positive trends of the past few quarters in all sectors and regions. This momentum confirms that we made the right moves to position the Group as a strategic partner for the digital transformation of large corporations and organisations, leveraging Cloud and Data/AI,” said Aiman Ezzat, chief executive officer, Capgemini Group.
“Our digital offering portfolio covers the entire value chain from product and services design to customer experience. We continue to accelerate the introduction of new industry-specific offerings in the fast-growing markets of intelligent industry, customer experience and sustainability.”
Constant currency growth of around 20% was reported in manufacturing (25% of Group revenues), consumer goods (13% of Group revenues) and services (5% of Group revenues).
The public sector (14% of Group revenues) and TMT (Telecoms, Media and Technology, 13% of Group revenues) came next, with constant currency growth of over 10%, followed by financial services (22% of Group revenues) which sustained its momentum from previous quarters.
Only the energy and utilities sector (8% of Group revenue) lagged behind, with a slight contraction in business during the quarter, the company stated.
Considering the performance, and the business outlook for the fourth quarter, the company increased all its 2021 financial targets.
For 2021, the company now targets constant currency growth between 14.5% and 15.0%, instead of 12.0% and 13.0% previously. It has revised operating margin guidance greater than 12.7%, instead of 12.5% to 12.7%. It also revised organic free cash flow above 1.70 billion euros, instead of 1.50 billion euros.
The company added 19,800 people during the quarter to take its headcount to 309,300. This is just slightly higher than TCS’ 19,690 net addition during the same quarter. Globally, IT companies have increased their hiring efforts to meet the large client requirements they are witnessing post-pandemic.
