Information Technology & Consulting major, Capgemini has announced its first-quarter results for the financial year 2022. The company has delivered a record growth of 17.7% in Q1 2022.
The Capgemini Group’s activity accelerated in Q1 2022, with a growth of 17.7 per cent at constant exchange rates. The growth has strengthened compared to the 12.5 per cent observed in Q4 2021 across all regions and sectors. As a result, organic growth reached 16.3 per cent, up 3.1 points in Q4 2021.
On March 31, 2022, the Group’s total headcount stood at 340,700, up +24% year-on-year. The workforce increased by 31% in offshore centers to 198,900 (58% of the total headcount) and by 16% onshore.
Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said, “Capgemini delivered an excellent start with a further growth acceleration versus the previous quarter. This is the fourth consecutive quarter with double-digit growth. It demonstrates the Group’s growth profile change and our ability to gain market share.”
“We are taking advantage of the strong alignment of our capabilities and offerings portfolio with our clients’ structural demand for digital transformation. Our digital transformation capabilities and strong industry focus enable us to be positioned as our clients’ key partners for their most ambitious transformations.” He added.
Aiman Ezzat further said, “Our brand is strong, and we attract and develop the best talent in a very competitive market. As a result, we increased our global workforce by 16,000 in the last quarter to reach 340,000 employees worldwide.”
“As we have a market with more demand than available talent, attrition rates are obviously higher than we are used to,” he said in a call with reporters.
Employee turnover over the past 12 months was 26.2%, Ezzat said. The 12-month figure stood at 23.5% in December.
Capgemini hopes to start seeing a decline in the figure by the end of the year but expects it will take two to three years before it is “normalised”, Ezzat added.
