Monday, 30 July 2007

Capgemini dismisses all M&A rumours...

Capgemini announced its Q1 results on Friday. Although pretty good by anyone's standards, with organic revenue growth of 14%, they were none-the-less below analyst expectatoions and their shares fell as a result.

You can read Ovum's analysis of these results Click Here.

Interestingly at the analyst breifing Capgemini not only said that they were not a bidder for Xansa (see below!) but that they would not bid fot Atos Origin either. CEO Paul Hermelin also said that they had had no discussions whatsoever with Infosys. as readers know there is a live rumour that Infosys (or another Indian player) will bid for Capgemini. I have always dismissed such speculation as I just cannot see the logic!

Smaller Indian acquisitions are possible although none are underway.

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