Cap gemini SA (EPA:CAP) announced today that its Q3-2006 revenues of 1.881 billion Euros grew 13.5% over the same quarter last year Q3-2005 (1.674 billion), but 1.9% lower than the previous quarter Q2-2006 (1.915 billion Euros).
Outsourcing boomed at 20% growth and Consulting grew 9.4%, indicating the Cap Gemini' SAs recent push into outsourcing is paying off and customer demand continues strong.
Europe and Asia Pacific grew 15.4% while North America grew 5.4%. UK and Ireland grew at a stunning 29.2%
Clearly the good times are rolling for Cap Gemini SA (EPA:CAP) .
Cap Gemini SA (EPA:CAP) also announced a $1.25 billion purchase of Chicago-based Kanbay (NASDAQ:KBAY) paying a 15% premium and securing 7,000 IT professionals. The combined company will have 16,000 professionals in India.
Markets did not care much for this news, sending the Cap Gemini SA (EPA:CAP) stock down 4.4% in trading. Kanbay went to $28.60 per share, rising 14%.
Thursday, October 26, 2006
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