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Together. Free your energies
Paris, May 6, 2010
Q1 2010 Revenues
2010 Q1 Revenues
Together. Free your energies
Stabilization Confirmed, several Positive Signs
A Group performance slightly ahead of expectations with a -2.2% sequential organic growth, in line with usual seasonality
• Good sequential results in Consulting and Local Professional Services, +3.3% and -0.9%
Signs of increasing demand for our services
• Bookings in Q1 in line despite a strong finish in 2009
• A 1.30 book-to-bill ratio in project and consulting activities in North America
• Technology Services in the Financial sector now globally growing year on year, +3.3%
• Confirmation of our go-to-market choices with our global offers representing 1/3 of our bookings in Q1
• Stabilization of prices across the board
Managers starting to recruit again, supported by HR campaigns in India, France, the Netherlands and Germany
• Headcount growth, +1.4%, with a strong offshore push, +5.3%, to be continued in Q2
• A Group headcount ended at 91.792 people in March, above the end of 2008 level
Full acquisition of Strategic Systems Solutions, previously 49% owned
• Capital markets specialist, 655 people and €30+ M revenues in 2009, adding new platforms to the Group in China, Singapore and the Philippines
© 2010 Capgemini. All rights reserved
Financial analysts
2
2010 Q1 Revenues
Together. Free your energies
© 2010 Capgemini. All rights reserved
Financial analysts
3
2205 2171
1946
2049 2052
1400
1600
1800
2000
2200
2400
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10
in M€
Revenues Quarterly Evolution
Q1 2009 Q2 2009 H1 2009 Q3 2009 Q4 2009 H2 2009 FY 2009 Q1 2010
M€ (Published) 2 205 2 171 4 376 1 946 2 049 3 995 8 371 2 052
Sequential Current Growth - 1.5% - 10.4% 5.3% 0.1%
Sequential Organic Growth - 1.6% - 10.0% 6.5% - 2.2%
Year-on-Year Current Growth - 6.9%
Year-on-Year Organic Growth - 7.8%
2010 Q1 Revenues
Together. Free your energies
© 2010 Capgemini. All rights reserved
Financial analysts
4
Sequential Year on year
Q1 10 / Q4 09 Q1 10 / Q1 09
Consulting Services 3.3% - 8.8%
Technology Services - 2.8% - 9.5%
Local Professional Services - 0.9% - 8.1%
CS / TS / LPS - 1.7% - 9.1%
Outsourcing Services - 3.3% - 5.2%
TOTAL GROUP - 2.2% - 7.8%
At constant rates and perimeter
Q1 2010 Revenue Growth by Discipline
17.0%
41.1%
35.3%
6.6%
Consulting
Services
Technology
ServicesOutsourcing
Services
Local Professional
Services
2010 Q1 Revenues
Together. Free your energies
Current Organic
Current SequentialYear on
yearSequential
Year on
year
Q1 2009 Q4 2009 Q1 2010Q1 10/
Q4 09
Q1 10 /
Q1 09
Q1 10 /
Q4 09
Q1 10 /
Q1 09
North America 422 366 371 1.3% - 12.0% - 5.9% - 9.7%
France 525 509 488 - 4.1% - 7.0% - 4.0% - 7.1%
UK & Ireland 456 431 453 5.2% - 0.6% 2.9% - 3.0%
Benelux 386 338 318 - 6.0% - 17.6% - 6.0% - 17.6%
Rest of Europe, Asia &
Latin America416 405 422 4.2 % 1.5% 0.9% - 3.2%
TOTAL 2 205 2 049 2 052 0.1 % - 6.9% - 2.2% - 7.8%
Q1 2010 Revenues by Main Geographies
22.0%
15.5%
23.8%
20.6% 18.1%
Benelux
North
America
UK
& Ireland
France
Rest of Europe,
Asia & Latam
(in M€)
© 2010 Capgemini. All rights reserved
Financial analysts
5
2010 Q1 Revenues
Together. Free your energies
At budget rates and constant perimeter
Q1 2010 Revenues by Sector
11.2%
17.6%
6.9%
27.4%
28.7%
8.2%
Energy, Utilities
& Chemicals
Financial
Services
Other
Public Sector
Manufacturing,
Retail &
Distribution
Telecom, Media &
Entertainment
Q1 2010 /
Q1 2009
Financial Services
Energy, Utilities & Chemicals
Manufacturing, Retail & Distribution
Public Sector
Telecom, Media & Entertainment
Others
- 2.6%
- 20.2%
- 4.6%
- 9.4%
- 8.8%
- 0.7%
Total - 7.7%
© 2010 Capgemini. All rights reserved
Financial analysts
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2010 Q1 Revenues
Together. Free your energies
Headcount as of Dec. 31, 2009 90 516
Recruits * 5 274
Acquisitions / Outsourcing Deals ** 268
Disposals - 13
Layoffs - 817
Leavers - 3 436
Headcount as of March 31, 2010 91 792
(*) out of which : 2 686 in India
661 in other offshore locations
Headcount Evolution
March YTD Attrition March 09 March 10
Consulting Services
Technology Services
Local Professional Services
Outsourcing Services
16.0%
10.6%
15.1%
9.1%
18.6%
14.8%
13.1%
14.5%
Total Disciplines 11.4% 14.5%
63% OFFSHORE
(**) out of which : 197 for IBX
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Financial analysts
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2010 Q1 Revenues
Together. Free your energies
50
60
70
80
90
7069
6667
63
7678
7981
7980 81 81 82 81
Consulting Services Technology Services Local Professional Services
Utilization Rates by Discipline
Q2 Q4
2009
Q3Q1 Q1
2010
Q2 Q4
2009
Q3Q1 Q1
2010
Q2 Q4
2009
Q3Q1 Q1
2010
At constant perimeter
© 2010 Capgemini. All rights reserved
Financial analysts
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2010 Q1 Revenues
Together. Free your energies
479 477
444461
444
350
400
450
500
550
600
2009 2010
Charge-Out Rates
1 1521 148
1 095
1 122 1 115
1000
1050
1100
1150
1200
1250
1300
1350
2009 2010
479 480470 476
467
350
400
450
500
550
2009 2010
Consulting Services
Technology ServicesLocal Professional Services
At constant rates and perimeter
© 2010 Capgemini. All rights reserved
Financial analysts
9
2010 Q1 Revenues
Together. Free your energies
At constant rates & perimeter
1469
687
1501
580
1235
648
1559
1185
1382
691
0
500
1 000
1 500
2 000
2 500
3 000
3 500
4 000
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10
Outsourcing
Consulting/Technology/LocalProfessional Services
M€
2 156
Bookings Evolution by Discipline
2 0811 883
2 744
2 073
© 2010 Capgemini. All rights reserved
Financial analysts
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2010 Q1 Revenues
Together. Free your energies
Consulting / Technology / Local Professional Services
Bookings Revenues Book-to-bill ratio
North America 275 212 1.30
Rest of the world 1 107 1 096 1.01
TOTAL 1 382 1 308 1.06
At budget rates
M€
Book-to-Bill Evolution
© 2010 Capgemini. All rights reserved
Financial analysts
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2010 Q1 Revenues
Together. Free your energies
Management Cockpit
Units 2 pts below last year for
last 2 consecutive months
Units 3% below last year for last
2 consecutive months
Units dropping the growth rate of H1 for
the last 3 consecutive forecasts
Units reducing Q1 10 recruitment
vs. Q4 09
Units with a negative net variation
of headcount in Q1 10
Onshore Utilization Onshore Prices
Growth
Onshore Recruitments
in % of Group Revenue
Onshore Headcount
Net Variation
12© 2010 Capgemini. All rights reserved
Financial analysts
Together. Free your energies
Q1 2010 Revenues
Back-up
Paris, May 6, 2010
2010 Q1 Revenues
Together. Free your energies
© 2010 Capgemini. All rights reserved
Financial analysts
14
Current Organic
Current Sequential Year on year Sequential Year on year
M€ Q1 2009 Q4 2009 Q1 2010Q1 10 /
Q4 09
Q1 10 /
Q1 09
Q1 10 /
Q4 09
Q1 10 /
Q1 09
North America 422 366 371 1.3% - 12.0% - 5.9% - 9.7%
Europe & Asia
of which :1 783 1 683 1 681 - 0.1% - 5.7% - 1.4% - 7.3%
France 525 509 488 - 4.1% - 7.0% - 4.0% - 7.1%
UK & Ireland 456 431 453 5.2% - 0.6% 2.9% - 3.0%
Benelux 386 338 318 - 6.0% - 17.6% - 6.0% - 17.6%
Nordic 132 128 136 6.3% 2.9% 0.0% - 6.4%
Germany & Central
Europe140 130 130 0.2% - 6.8% - 1.3% - 8.0%
Southern Europe &
Latam113 111 116 4.2% 2.0% 3.5% 1.3%
Asia Pacific 31 36 40 11.5% 30.4% 3.7% 14.8%
TOTAL 2 205 2 049 2 052 0.1% - 6.9% - 2.2% - 7.8%
Q1 2010 Revenues by Geography
2010 Q1 Revenues
Together. Free your energies
Q1 2010 Revenues by Geography
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Financial analysts
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21.0%
6.5%17.3%
6.3%
18.5%
23.6%
1.6%
5.2%
Q1 2009
At constant rates and perimeter
Benelux
North America
UK
& Ireland
Nordic
Countries
Germany
& Central
Europe
France
Asia
Pacific
22.0%
6.6%15.5%
6.3%
18.1%
23.8%
2.0%
5.7%
Q1 2010
Benelux
North America
UK
& Ireland
Nordic
Countries
France
Asia
Pacific
Germany
& Central
Europe
Southern
Europe &
Latam
Southern
Europe &
Latam
2010 Q1 Revenues
Together. Free your energies
© 2010 Capgemini. All rights reserved
Financial analysts
16
Q1 2009
41.8%
6.7%17.1%
34.4%
At constant rates and perimeter
Consulting
Services
Technology
ServicesOutsourcing
Services
Local Professional
Services
Q1 2010 Revenues by Discipline
Q1 2010
6.6%
35.3%
41.1%
17.0%
Consulting
Services
Technology
Services
Outsourcing
Services
Local Professional
Services
2010 Q1 Revenues
Together. Free your energies
Group Headcount by Discipline
Mar. 09 Jun. 09 Sep. 09 Dec. 09 Mar. 10 Mar. 10/ Mar. 09
Mar. 10/ Dec. 09
Consulting
Services4 256 4 110 3 949 3 834 3 757 - 11.7% - 2.0%
Technology Services 40 914 39 403 39 380 40 541 41 282 0.9% 1.8%
Outsourcing Services 26 889 27 180 27 689 28 035 28 677 6.6% 2.3%
Local Professional Services 18 778 18 530 18 033 17 879 17 878 - 4.8% 0.0%
TOTAL GROUP(*) 91 064 89 453 89 278 90 516 91 792 0.8% 1.4%
(*) including not classified headcount
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2010 Q1 Revenues
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Financial analysts
18
Group Headcount by Geography
NORTH AMERICA :
• Opening: 8,379
• Closing: 8,100
• Change in Person: - 279
• Change in %: - 3.3 %
UK & IRELAND :
• Opening: 7 844
• Closing: 7 976
• Change in Person: +132
• Change in %: +1,7%
ITALY :
• Opening: 1 510
• Closing: 1 508
• Change in Person: -2
• Change in %: -0,1%
IBERIA & Latin America:
• Opening: 6 604
• Closing: 6 743
• Change in Person: +139
• Change in %: 2.1%
FRANCE :
• Opening: 20 032
• Closing: 19 892
• Change in Person: -140
• Change in %: -0,7%
BENELUX :
• Opening: 11 163
• Closing: 10 856
• Change in Person: -307
• Change in %: -2,8%
ASIA PACIFIC :
• Opening: 24 008
• Closing: 25 208
• Change in Person: +1 200
• Change in %: +5,0%
CENTRAL EUROPE :
• Opening: 7 724
• Closing: 7 797
• Change in Person: +73
• Change in %: +0,9%
NORDIC :
• Opening: 4,049
• Closing: 4,008
• Change in Person: - 41
• Change in %: - 1.0 %
TOTAL GROUP:
Opening: 90 516 Closing: 91 792 D in P: +1 276 D in %: +1,4%
NORTH AMERICA :
• Opening: 7 950
• Closing: 8 014
• Change in Person: +64
• Change in %: +0,8%
NORDIC :
• Opening: 3 681
• Closing: 3 798
• Change in Person: +117
• Change in %: +3,2 %
Together. Free your energies
Q1 2010 Revenues
Paris, May 6, 2010