Capgemini CEO: Sees 2% Revenue Decline In 2009
April 30 2009 - 1:44AM
Dow Jones News
Computer services company Capgemini (CAP.FR) expects
like-for-like revenue to decline about 2% in 2009, Chief Executive
Paul Hermelin said Thursday.
"After posting like-for-like growth down 0.3% in the first
quarter, we should see a decline of about 3% to 4% in the second
quarter, mainly due to negative calendar effects," Hermelin
said.
The second quarter should experience a similar trend to the
first-quarter, where the group expects revenue to decline 2%,
Hermelin added.
Hermelin said visibility on the last quarter of the year, which
is a very important one for the company, remains low.
The group has also started a second wave of restructuring in the
first quarter as market conditions have deteriorated.
Company Web site: www.capgemini.com
-By Ruth Bender, Dow Jones Newswires; +33 1 40 17 17 40;
ruth.bender@dowjones.com