Friday, August 07, 2009

Capgemini First Half Flat, But Second Half Expected Down, Sober Outlook

Capgemini recently reported its Q2-2009 results, and while sales for the first half (6 months) for 2009 were flat to the first six months of 2008 at EUR 4.4 billion, profits for 6 months of 2009 were sharply down from 2008. Operating profit for 2009 was EUR 167 million, down almost 40% from operating profit of 2008 of EUR 288 million, and some of this drop was due to restructuring charges in 2009. Operating margin% fell from 7.6% to 6.6%...

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