Report
Gregory Ramirez

CAPGEMINI: Q1 2020 call feedback: the ingredients of resilience | BUY | EUR111 vs. EUR106 (+31%)

CAPGEMINI - BUY | EUR111 vs. EUR106 (+31%)
Q1 2020 call feedback: the ingredients of resilience

Capgemini can make the difference ahead against competition
Proactive management of the crisis can pay off on the margin
Management is firmly engaged in the synergies with Altran
We reiterate our Buy rating and raise our Fair Value to EUR111
Underlying
Capgemini SE

Capgemini is a consulting and IT services provider. Co. works closely with technology partners at the cutting edge of innovation in major trends such as: Cloud, Big Data and mobility. Co. offers its clients skills in a variety of fields, such as digital transformation and digital customer experience, Cloud, Big Data, mobility, testing, cyber security, application management. In addition, Co. helps its clients enhance their performance and sharpen their competitive edge by offering them a range of skills grouped around four major businesses: Consulting Services through Capgemini Consulting, Technology Services (TS), Local Professional Services through Sogeti, and X Outsourcing Services (OS).

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Gregory Ramirez

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