Capgemini, a French multinational information technology services and consulting company has announced its Q2 results quarter ending on June 30 of the financial year 2021 on July 28.
Capgemini generated revenues of €8,711 million in H1 2021. After a Q1 2021 already marked by higher than expected growth, the Group accelerated strongly in the second quarter. Organic growth (i.e. adjusted for Group scope and exchange rate impacts) was +12.9%, compared with +1.7% in the previous quarter, with Q2 activity significantly exceeding pre-crisis levels.
According to Q2 results, Capgemini has added 24,400 employees in the last one year. The total headcount has come to 289,500 which was 265,100 in June 2020.
The total addition in the workforce includes 22,800 offshore and 1,600 offshore employees.
The company has reported an average attrition rate of 15.2% for the quarter ending on June 30 of this year, which is lower than 17.4% last year Q2 of FY2020.
The company has reported 16.7% attrition rate for Strategy & Transformation business, 14.9% for the Applications & Technology Business, and 15.4% for Operations & Engineering business.
Overall Company’s average attrition has decreased to 2.2% in Q2 of FY 2021 than last year in the same qurater.
Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said, “Capgemini has delivered an excellent 2021 first-half performance. Organic growth accelerated significantly in Q2 reaching 12.9%, and H1 operating margin has materially improved,”
“I would like once again to pay tribute to our 290,000 team members who continuously create value for our clients, in a context that remains challenging in several regions” he added.
“These results are underpinned by two factors: a structural acceleration in client demand for technology and the relevance of our strategic direction, as outlined during our 2021 Capital Markets Day. They also exemplify our growth model based on our intimacy with strategic clients, the success of our innovative offerings, deep relationships with our technology partners, and significant investments in human capital. We are developing new solutions to help our clients reduce their carbon footprint, and have just launched our first offer for sustainable IT,” he said.
“In light of this excellent performance and the very solid prospects for the second half of the year, we have decided to significantly raise our growth, operating margin, and free cash flow targets for 2021,” he added.