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Industry News
Capgemini reports Revenues of €10.3 billion in 2012
Posted On : 2013-02-21 20:31:20( TIMEZONE : IST )
Despite a slow market, 2012 saw Cap Gemini Group cross the €10 billion revenues milestone (€10,264 million). Revenues increased 5.9% on 2011 published figures (i.e. at current Group structure and exchange rates). On a like-for-like basis (i.e. at constant Group structure and exchange rates) revenues grew 1.2%. The difference between these two rates is primarily due to the appreciation of the US dollar and the UK pound against the euro and the integration of Prosodie, acquired in July 2011.
Bookings during the year totaled €10,084 million, at the same level as in 2011 (€10,122 million). The book-to-bill ratio is 1.07 for the year and 1.16 for the fourth quarter for Technology Services, Local Professional Services (Sogeti) and Consulting Services together, confirming the dynamism of these activities.
The operating margin is €787 million, or 7.7% of 2012 consolidated revenues, representing an increase of 0.3 points on 2011, in line with Group objectives. The Group continues to improve its profitability, even attaining 9.0% in the second half of 2012. Before amortization of intangible assets acquired through business combinations, the operating margin is 8.0% in 2012. In spite of a significant increase in restructuring costs (€168 million in 2012 compared with €81 million in 2011), operating profit is €601 million.
Profit for the year attributable to shareholders is €370 million after an income tax expense which increased by 40.0% (€140 million versus €101 million in 2011).
Net cash and cash equivalents total €872 million at December 31, 2012, up €418 million year-on-year. Boosted by the excellent second-half performance, organic free cash flow is €496 million, compared with €164 million in 2011 (including anticipated payments from some major anglo-saxon clients of €100 million).
The Board of Directors decided this date to recommend the payment of a dividend of €1 per share at the next Ordinary Shareholders' Meeting, unchanged on last year. This represents a distribution of 44% of profit for the year attributable to shareholders, above the standard amount (one-third) distributed by the Group for many years.
The Board of Directors also decided to cancel 1,937,647 of its own shares purchased between December, 2012 and February 2013 for a total amount 66 million euros, representing 1.2% of the outstanding share capital.
