Report
Nicolas David

Capgemini : Q3 release set to trigger upward revisions to the consensus and a re-rating

>Organic growth reaches 13.2%, far higher than expected - Capgemini released its Q3 numbers yesterday before trading. Organic growth reached 13.2% and thus exceeded expectations by more than 4 points (ODDO BHF 8.4%, consensus 9.0%) as well as showing an improvement on Q2 (12.9% organic) despite less favourable comps. Business in Q3 was therefore far better than in 2019 (+9.8% organic y/y-2) and stronger than in Q2 (+4.2% organic y/y-2). The pleasant surprise came in p...
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
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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