06 Nov 2009
A fall in business technology budgets has caused revenue to plummet at IT consultancy and services firm Capgemini.
The French company reported a 7.3 per cent revenue reduction over the third quarter to €1.95bn (£1.75bn) across all its business segments.
Citing a "sharp reduction in corporate IT spending", the company said fourth-quarter revenue is expected to decline by a similar amount to that of the third quarter.
Due to an "extremely tight" rein on costs, the company expects its full-year operating margin to increase seven per cent year on year.
“Although there are signs that activity is stabilising and even picking up in some market segments, we do not expect to see benefits immediately,” the company said in a statement.
The firm said it will launch five service offerings focused on high-growth markets between now and March 2010 to "leverage the upturn".
Have your say on this article
Newsletters
Latest stories from Finance and Reporting
Latest videos
You may also like
Finance and Reporting jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
