PARIS (dpa-AFX) - French computer services firm Capgemini (CAPP, CGEMY.PK) on Thursday said consolidated revenues in the first quarter increased from last year on published figures as well as like-for-like basis.
Revenues totaled 2.565 billion euros, up 9.2 percent on published figures, which is at current group structure and exchange rates. The growth was 4.3 percent on a like-for-like basis. Revenues amounted to 2.350 billion euros last year.
The difference between the two rates is mainly due to acquisitions performed by the Group during the last 12 months and particularly Prosodie in France and Aive in Italy.
Bookings declined to 2.145 billion euros. However, the book-to-bill ratio for Consulting Services, Technology Services and Local Professional Services remained positive at 1.02 for the Group as a whole.
Strengthened by the quarterly results, the Group confirmed its objectives for 2012 of limited organic growth in revenues and an increase in the operating margin rate.
Paul Hermelin, CEO of Capgemini Group, said, 'We will, of course, continue to closely monitor changes in the macro-economic environment, however the good level of demand in the first quarter 2012 in several of our major markets - particularly North America - reinforces our objectives of revenue growth and an improvement in the operating margin.'
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