Capgemini: Q1 sales globally in line, FY16 guidance reiterated

BUY, Fair Value EUR90 (+15%)
News published on April Wednesday 27, 2016
Share on

This morning Capgemini reported Q1 16 sales globally in line with both our ests. and the consensus average, with slightly more fx headwinds than we anticipated however. Management has reiterated FY16 guidance (revenue growth of 7.5-9.5% at cc or up 2.5-4.5% lfl, operating margin of 11.1-11.3%, free cash flow above EUR850m), with the delivery of synergies with Igate ahead of schedule. We expect the share price to react positively near term.


For more information, please contact marketing@bryangarnier.com


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