Capgemini Growth Rates Double as Sustainability Efforts Expand

Capgemini, a global information technology services and consulting company based in Paris, France, celebrates a series of big wins as it unveiled double-digit growth rates across all business lines in its annual report for fiscal year 2022.

The company’s most prominent business lines include technology, business consulting and outsourcing services. Best known for its technology services, Capgemini assists clients by identifying, isolating and supplying solutions for various core technological issues within a business, including problems related to systems integration and application development.

Propelled by an increased demand for digital transformation, the company’s Applications and Technology services division – its primary and most profitable business line – reported an +18.0% increase in total revenues for the full year.

As for its business consulting services, the company strategizes with partners to implement and execute digital transformation initiatives aimed at improving a business’ long-term growth and ensuring clients stay competitive amidst a rapidly changing landscape. Additionally, the company’s outsourcing services comprise the regular management, maintenance and ongoing support of client IT infrastructures through its wide array of managed services.

Just last year, the industry-wide growth in Infrastructure and Cloud services as well as a healthy Engineering services ecosystem, brought about a +13.4% boost in total revenues for its Operations & Engineering sector. As for the company’s Strategy & Transformation consulting services, total revenues also rose by +28.2% at the end of 2022.

Now, in spite of growing concerns surrounding the economic climate’s recent instability, Chief Executive Officer of the Capgemini Group Aiman Ezzat expressed confidence in the company for closing out the previous year with higher revenues and exceeding growth expectations among various sectors, marking significant gains of 16.6% in constant currency growth and 13.0% in operating margin.

The report emphasized the company’s focus on investing resources in the efforts to bolster its workforce through various training initiatives, reporting the company, in fact, “provided 17.4 million training hours to employees in 2022, compared with 12.8 million in 2021…a 12% increase in the average number of training hours per employee, well above the Group’s commitment to an annual 5% increase.”

In a Youtube video reflecting on the company’s most noteworthy accomplishments of the fiscal year, Ezzat highlighted Capgemini’s ongoing business philosophy of investing in their current talent base for long-term success:

“In 2022, we also demonstrated our ability to attract top talent to fuel our growth and agility in a fast evolving market. It’s not just about attracting talent, it’s also about investing in them, thanks to our continuous commitment to development, training and growth.”

As of the end of December, Capgemini’s total global workforce experienced an 11% jump compared to last year, growing from 324,700 to 359,600 workers. More employees than ever work outside the country’s base of operations in France, with nearly 60% of the labor force – 210,300 employees – operating in offshore centers.

Thanks to standards set by the Science-Based Targets initiative (SBTi), Capgemini has made good on its promise to further its environmental sustainability efforts in 2022, dropping company-wide carbon emissions by 29% and 46% per employee to levels lower than they were in 2019.

In line with the initiative’s net-zero standards for 2021, Capgemini also became one of the first in the world to have its net-zero emissions targets validated through the SBTi as of this reporting. Following its admittance to the Dow Jones Sustainability Index (DJSI) Europe for its sustainability advancements in 2022, Capgemini revealed its intentions to meet various near-term and long-term carbon footprint targets for the next 10-20 years, including its long-term objective of reaching a 90% reduction in all carbon emissions by 2040.