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Capgemini raises sales and growth forecast
Paris (AFP) Jul 27, 2006 Capgemini, a leading information services group, reported on Thursday an 8.6-percent rise of sales in the second quarter and increased its target for growth this year to 10.0 percent. The price of shares in the group rose by 5.06 percent to 41.50 euros. Sales rose to 1.915 billion euros (2.4 billion dollars), and on a basis of constant exchange rates and comparable assets sales rose by 10.9 percent. The group said it now expected sales on this basis to rise by about 10.0 percent this year. In the previous quarter the company had riased this target from 6.0-7.0 percent to more than 8.0 percent. In the first half, sales rose by 9.0 percent from the equivalent figure last year to 3.784 billion euros, or by 10.4 percent on a constant comparison basis. The group, which provides consultancy in the field of softwares and information technology, said that in the first half it had increased its workforce by 2,600 people. Analysts at Deutsche Bank said that the company had achieved "a solid second quarter" and with the increase of its target for growth "continues to build on the reputation of a group capable of delivering its targets". At another brokerage, analysts who declined to be named said that "the dynamics are good in all fields of activity", describing the figures as "very good". Community Email This Article Comment On This Article Related Links All about the technology of space and more
Technip strikes profits bonanza, hits production snags
Paris (AFP) Jul 27, 2006 French oil services group Technip raised net profit in the second quarter by 55.0 percent and raised its profit forecast for the year while warning on Thursday that it was encountering manufacturing problems. |
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