Capgemini: Q1 13 conference call feedback: back to normal

BUY, Fair Value EUR47 (+35%)

News published on May Friday 3, 2013
Share on

We reiterate our Buy rating following yesterday’s conference call. While the business in January and February was slow, March and April saw an improvement in discretionary spending, which makes us confident to assert Capgemini is on track to deliver FY13 guidance. This is a good milestone for giving more credibility to the 10% medium-term operating margin target in our view. We consider yesterday’s share price surge as a catch-up after a slight decline during the last 3 months.   


Full report available to subscribers
Please contact marketing@bryangarnier.fr 

The Essentials

Everything you need to know about investment banking dedicated to growth
Stay Informed
Get our news
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities