Capgemini: FY 2019 earnings up 17%
(CercleFinance.com) - Capgemini has reported 2019 earnings that are up 17% at 856 million euros, or 5.
15 euros per share, with an operating margin of 12.3%, up 20 basis points and in line with FY targets.
The IT services group achieved annual revenues of 14,125 million euros, up 7%, including 5.3% growth at constant exchange rates, in line with its growth target of "around 5.5%".
In addition to a dividend of 1.90 euro per share (up 12%), Capgemini announces a new multi-year share buyback programme of 600 million euros and will make buybacks in the coming months to the tune of 200 million euros.
For 2020, it aims for sales growth of about 4% at constant exchange rates, an improvement in profitability and an operating margin of between 12.4% and 12.6%, along with organic free cash flow of about 1.2 billion euros.
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