Capgemini Q1 Revenues Up 9.2%

(RTTNews) - Capgemini Group Thursday reported first-quarter revenues of €3.44 billion, up 9.2% from €3.15 billion last year. On a constant exchange rates, revenues were up 6.7% year-on-year.

CEO Paul Hermelin said, "The Group achieved a good first-quarter performance with continued momentum in our business, particularly in Europe."

"We are successfully leveraging the investments in our innovation-driven portfolio and our position as a global leader in digital and cloud. These activities continue to develop, reporting growth of 20%. In this quarter, the Group further strengthened its foothold with the acquisition of Leidos Cyber, a cybersecurity leader in the United States."

Moving ahead, Hermelin said "we confirm all our objectives for 2019."

For 2019, the Group targets revenue growth at constant exchange rates of 5.5% to 8.0% and improved profitability with an operating margin of 12.3% to 12.6%.