Capgemini: Q1 15 sales slightly above expectations, and acquisition of iGate

BUY, Fair Value EUR84 (+7%)
News published on April Monday 27, 2015
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This morning Capgemini announced Q1 15 sales 1% above our estimates and the consensus average, upped FY15 revenue growth guidance, and announced the awaited acquisition of iGate, for USD4bn in cash. We deem this deal, which is expected to be accretive to adj. EPS by 12% for 2016 and 16% for 2017, will have a positive impact to the share price.

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