View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 7, 1997updated 05 Sep 2016 1:01pm

CAP GEMINI NV REPORTS AN EXCELLENT 1996

By CBR Staff Writer

Software and services house Cap Gemini NV – still much better known as Volmac or Cap Volmac – puts a 25.3% jump in net profits for 1996 to the equivalent of $46.8m down to healthy sales growth across all its divisions. It says 1996 was an excellent year, leading to a 16.1% growth in overall sales, although sales growth slowed slightly to 15.7% in the second half from 16.5% in the first. Operating profits continued to grow at a steady rate due to a slowdown in the growth of costs. Its operating margins improved to 13.8% in 1996, while net margins rose to 9.1%. Cap Gemini says it expects further market growth in 1997, particularly in the area of concurrent transformation – integration of purpose-designed software into new corporate strategies. Other growth areas include intranets and systems conversion to cope with the introducton of the single European currency and the Year 2000. Management expects a further healthy growth of the market for software and services in 1997; it is still too early in the year to give a firm forecast of results, it declared. Cap Gemini NV is 58% owned by Cap Gemini SA of Paris, but the minority of the shares are traded on the Amsterdam market.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU