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Capgemini
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Capgemini SE is a French multinational information technology (IT) services and consulting company, headquartered in Paris, France.[3]
Key Information
History
[edit]In 1967, Serge Kampf[4] founded the Société pour la Gestion de l'Entreprise et le Traitement de l'Information (Sogeti), as an enterprise management and data processing company.[5]
In 1974, Sogeti acquired Gemini Computer Systems, an American company based in New York.[6] In 1975, having acquired CAP (Centre d'Analyse et de Programmation) and Gemini Computer Systems, and having resolved a dispute with the similarly named CAP UK over the international use of the name 'CAP', Sogeti renamed itself as CAP Gemini Sogeti.[6]
Cap Gemini Sogeti launched US operations in 1981, following the acquisition of Milwaukee-based DASD Corporation, specializing in data conversion and employing 500 people in 20 branches throughout the US. Following this acquisition, the U.S. Operation was known as Cap Gemini DASD.[7]
In 1990 Cap Gemini Sogeti acquired the Hoskyns Group, a major IT outsourcing and managed services company in the UK.[8]
In 1996, the name was simplified to Cap Gemini, and the firm launched a new group logo. All operating companies worldwide were re-branded to operate as Cap Gemini.[6]
Cap Gemini acquired Ernst & Young Consulting in 2000 and integrated it with Gemini Consulting to form Cap Gemini Ernst & Young.[9] In 2017, Cap Gemini S.A. became Capgemini SE, and its Euronext ticker name similarly changed from CAP GEMINI to CAPGEMINI.[10]
In 2006, Capgemini acquired Kanbay for $1.25 billion, which expanded its footprint and capabilities in India.[11]
In 2015 it acquired the U.S.-based technology and services company iGate for $4 billion.[11] In 2018, the company acquired the Philadelphia-based digital customer engagement company LiquidHub for US$500 million to assist Capgemini's digital and cloud growth in North America.[12]
In 2019, Capgemini acquired Altran, a provider of engineering and R&D services.[13] It was the largest acquisition in the company's history, bringing Capgemini's total employee count to over 250,000.[14] As part of the acquisition, Capgemini acquired frog design and Cambridge Consultants, which were integrated into Capgemini Invent; several other recent acquisitions, including staff from Fahrenheit 212, Idean, and June21, have been merged into that group and operate under the frog brand.[15][16] In 2021, Capgemini grouped the engineering and R&D activities of the Altran brand with Capgemini Digital Engineering Services and formed a new division, Capgemini Engineering.[17]
In June 2021, Capgemini partnered with Sanofi, Orange and Generali to launch Future4care, a European start-up accelerator focused on digital healthcare.[18][19] In 2021, Capgemini acquired RXP Services and Acclimation in Australia to expand their operations in Australia.[20][21] Also in 2021, Capgemini acquired Australian company Empired and its New Zealand subsidiary Intergen.[22]
In 2024, Capgemini acquired Syniti, an enterprise data management company specializing in data quality, data migration, and regulatory compliance.[23]
As of 2025, Capgemini has over 340,000 employees in approximately 50 countries.[24]
In July 2025, Capgemini acquired WNS Global Services in a $3.3 billion cash deal.[25][26]

Subdivisions
[edit]Sogeti
[edit]Sogeti is a wholly owned subsidiary of Capgemini Group,[27] spun off in 2002.[28] It is an information technology consulting company specialising in technology and engineering professional services.
Capgemini Research Institute
[edit]Capgemini Research Institute is the company's in-house think tank,[29] launched in 2012.[30] It produces reports on current trends and concerns in business and technology, based on research, data, and surveys.[31]
Applied Innovation Exchange
[edit]Applied Innovation Exchange (AIE) is Capgemini's network of innovation labs,[32] and was launched in 2016.[33] The labs enable clients to exchange with designers, industry experts, business and technology partners, research organizations, and startups,[34] and Capgemini has AIEs worldwide.[33]
Capgemini Invent
[edit]Capgemini Invent was launched in 2018 as the design and consulting subdivision of the Capgemini Group.[35][36] It is the rebranding and enlargement of Capgemini Consulting.[36] As of 2023, the subdivision had approximately 10,000 employees in 60 locations worldwide.[35] These include staff from frog design, Fahrenheit 212, Idean, and June21.[35]
Capgemini Engineering
[edit]In 2021, Capgemini grouped the engineering and R&D activities of its Altran brand with Capgemini Digital Engineering Services into Capgemini Engineering.[37]
Management
[edit]
The Capgemini Group Executive Committee consists of 34 members.[39]
Aiman Ezzat has been the group's CEO since 2020, having been at the company for more than 20 years, including as COO from 2018 to 2020 and CFO from 2012 to 2018.[40]
Paul Hermelin is chairman of the company's board of directors.[40] He was chairman and CEO from 2012 to 2020,[41] having been appointed CEO in 2002[41] and having been at the company since 1993.[42]
Hermelin succeeded Serge Kampf, the founder and prior head of the company, who stepped down in 2012,[43] thereafter serving as vice chairman of the board until his death in 2016.[44]
References
[edit]- ^ a b c d e "Full-year 2024 results". Capgemini. 18 February 2025.
- ^ "FY 2024 Results". Capgemini. 18 February 2025.
- ^ "Cap Gemini". Department of Computer Science, University of Manchester. 6 July 2010. Archived from the original on 7 September 2009. Retrieved 22 July 2010.
- ^ "Historic Overview | Our History | Capgemini Worldwide". Capgemini.com. 1 January 2015. Archived from the original on 25 February 2013. Retrieved 30 May 2018.
- ^ "History". Sogeti, provider of technology and engineering services. Archived from the original on 5 December 2023. Retrieved 4 August 2022.
- ^ a b c Gaston-Breton, Tristan. "1967-2007: The Capgemini Saga" (PDF). capgeminiclub.com. Archived from the original (PDF) on 14 January 2014. Retrieved 15 January 2022.
- ^ "Free Trademark Search | Protect Business Name | Incorporate Your Business". Trademarkia. Retrieved 30 May 2018.
- ^ "So farewell then Hoskyns - October 22, 1996". Accountancy Age. 22 October 1996.
- ^ "International Business Capgemini to Acquire Ernst Young Consulting Business". New York Times. 1 March 2000. Retrieved 30 May 2018.
- ^ "Cap Gemini S.A. becomes Capgemini SE". Thomson Reuters. 2 June 2017. Retrieved 9 November 2019.
- ^ a b Nadhe, Shivani Shinde (27 April 2015). "What does Capgemini's acquisition of iGate mean?". Business Standard. Retrieved 23 July 2025.
- ^ Phadnis, Shilpa (6 February 2018). "Capgemini buys US co LiquidHub for $500m, ChrysCap exits with 4X gain". The Times of India. Times News Network. Retrieved 30 May 2021.
- ^ Kovar, Joseph F. (24 June 2019). "Capgemini Acquiring Altran In Massive $4.1B Engineering, R&D Play". CRN. Retrieved 30 July 2025.
- ^ "Capgemini and Altran create a global digital transformation leader for industrial and tech companies". capgemini.com. 24 June 2019. Retrieved 29 May 2020.
- ^ Fersht, Phil; Cushman, David; Jhunjhunwala, Niti (October 2023). "Generative Enterprise Services, 2023" (PDF). Infosys. HFS Research. Retrieved 30 July 2025.
- ^ "The Market for Digital Experience Services in Germany" (PDF). Syzygy Group. Lünendonk & Hossenfelder. 2023. Retrieved 30 July 2025.
- ^ "Capgemini Phasing Out the Altran Brand and Launching Capgemini Engineering". ERD Services. 8 April 2021. Archived from the original on 25 June 2021.
- ^ Schenker, Jennifer L. (11 June 2021). "Future4Care: Four Corporates Team To Make Europe A Global Leader In E-Health". The Innovator. Retrieved 7 July 2021.
- ^ Tazrout, Zacharie (11 June 2021). "Orange, Generali, Sanofi and Capgemini launch Future4care, a start-up accelerator". Actu IA (in French). Retrieved 7 July 2021.
- ^ "Capgemini completes the acquisition of RXP Services". capgemini.com. 26 March 2021. Archived from the original on 1 January 2022. Retrieved 1 January 2022.
- ^ "Capgemini acquires leading Australian SAP consulting and digital solution provider Acclimation". capgemini.com. 5 July 2021. Archived from the original on 20 July 2021. Retrieved 16 February 2022.
- ^ "Capgemini completes acquisition of cloud transformation and digital services provider, Empired". 16 November 2021.
- ^ Ball, Stephanie (30 August 2024). "Capgemini to acquire Syniti for greater data management reach". ERP Today. Retrieved 30 July 2025.
- ^ "FY 2024 Results". Capgemini. 18 February 2025.
- ^ "WNS Global is acquired by Capgemini for $3.3 billion". Bru Times News.
- ^ Vardon, Elena. "Capgemini to Buy WNS for $3.3 Billion". Wall Street Journal.
- ^ "defence.professionals". defpro.com. Archived from the original on 10 June 2010. Retrieved 22 July 2010.
- ^ "OUR HISTORY". Sogeti. Archived from the original on 12 August 2020.
- ^ Anderson, Cindy; Marshall, Anthony (2025). The ROI of Thought Leadership: Calculating the Value that Sets Organizations Apart. John Wiley & Sons. p. 132. ISBN 9781394308927.
- ^ "Capgemini Research Institute ranked number one for fifth time in a row by Source Global Research". Where Women Work. 8 April 2021. Archived from the original on 18 April 2021.
- ^ "Capgemini: More than 50 percent of companies are concerned about semiconductor supply in the next two years". Silicon Saxony. 9 January 2025. Retrieved 31 October 2025.
- ^ Tegos, Michael (28 February 2017). "A multinational IT firm wants to connect Singapore startups to global innovation networks". Tech in Asia. Retrieved 31 October 2025.
- ^ a b Chanchani, Madhav (21 November 2016). "Capgemini looks to ride the digital wave". ETCIO. Retrieved 31 October 2025.
- ^ Fasnacht, Daniel (2018). Open Innovation Ecosystems: Creating New Value Constellations in the Financial Services. Springer. p. 140. ISBN 9783319763941.
- ^ a b c "Lünendonk Survey 2023: The Market for Digital Experience Services in Germany" (PDF). Syzygy Group. Lünendonk & Hossenfelder GmbH. 2023. p. 31. Retrieved 4 September 2025.
- ^ a b "Profile of Capgemini Invent". Umbrex. Retrieved 31 October 2025.
- ^ "Capgemini Phasing Out the Altran Brand and Launching Capgemini Engineering". ERD Services. 8 April 2021. Archived from the original on 25 June 2021.
- ^ "Les Fontaines' estate - Campus Serge Kampf Les Fontaines - Capgemini". Campus Serge Kampf Les Fontaines. Capgemini. Retrieved 30 July 2023.
- ^ "Capgemini Executive Committee". Capgemini Worldwide. Retrieved 4 September 2025.
- ^ a b "Aiman Ezzat appointed new Capgemini CEO". The Economic Times. 21 May 2020.
- ^ a b "Capgemini – Kampf tire sa révérence, Paul Hermelin nommé PDG" [Capgemini – Kampf bows out, Paul Hermelin appointed CEO]. Reuters (in French). 4 April 2012. Retrieved 3 September 2025.
- ^ "Paul Hermelin" (PDF). World Policy Conference. October 2015. Retrieved 4 September 2025.
- ^ Gallois, Dominique (5 April 2012). "Capgemini : le départ de Serge Kampf marque la fin d'une époque" [Capgemini: Serge Kampf's departure marks the end of an era]. Le Monde (in French). Retrieved 4 September 2025.
- ^ Moran, Nancy (15 March 2016). "Serge Kampf, Cap Gemini Founder and Ex-Chairman, Dies at 81". Bloomberg News. Retrieved 4 September 2025.
External links
[edit]- Official website

- Business data for Capgemini SE:
Capgemini
View on GrokipediaHistory
Founding and Early Expansion (1967–1970s)
Capgemini originated as Sogeti, founded on October 1, 1967, by Serge Kampf in Grenoble, France. Established as Société pour la Gestion de l'Entreprise et le Traitement de l'Information, the firm initially concentrated on data processing and enterprise management services, addressing the rising need for computational solutions in business operations during France's sustained economic growth phase following World War II. With a starting team of five, Sogeti positioned itself to serve industrial clients leveraging emerging information technology amid the country's technological and manufacturing advancements.[1][6] Sogeti achieved swift initial expansion within France. By late 1969, annual sales reached FFr 4.2 million, supported by 49 employees. The company opened its first branch in Paris in 1970, followed by rapid proliferation to over 12 offices across major French cities by 1972. It also extended operations into Switzerland via Sogeti Suisse, capitalizing on the era's industrial boom and increasing corporate reliance on IT for efficiency in sectors like manufacturing and administration. This domestic focus enabled Sogeti to build a foundational client base without immediate international overreach.[6][7] Key strategic maneuvers in the mid-1970s accelerated Sogeti's development. In 1973, the firm executed a hostile takeover of CAP, a competing French IT services provider. This was complemented in 1974 by the acquisition of Gemini Computer Systems, a New York-based American entity specializing in computing services. By 1975, the integration of Sogeti, CAP, and Gemini crystallized into Cap Gemini Sogeti, establishing the core structure and naming elements that presaged the modern Capgemini brand while enhancing capabilities in software and systems integration.[6][8]Acquisitions and Rebranding (1980s–1990s)
In the 1980s, Cap Gemini Sogeti prioritized the integration of its core entities—Sogeti, CAP, and Gemini Computer Systems—following their merger in 1975, which had established the firm as Europe's largest IT services provider with around 2,000 employees. This process built on Sogeti's hostile takeover of CAP in 1973 and acquisition of Gemini in 1974, enabling consolidation of operations across France and other European markets amid intensifying competition from fragmented national players. The integration emphasized synergies in hardware maintenance, software development, and systems integration, driving organic expansion as IT adoption accelerated in banking and manufacturing sectors.[1][6] By 1982, annual revenues surpassed 1 billion French francs, reflecting the efficacy of this acquisitive foundation in capturing market share during a period of European economic recovery and rising demand for computing services. The company went public in 1988 on the Paris Bourse, raising funds to support further infrastructure investments and initial international probes, such as U.S. entry via the 1981 acquisition of DASD Corporation for data services expertise. These steps mitigated risks of over-reliance on French operations but exposed the firm to currency fluctuations and regulatory variances in nascent foreign markets. Employee counts grew steadily into the tens of thousands by decade's end, fueled by both mergers and hiring to handle complex client projects.[6][7] The 1990s saw accelerated acquisitions to bolster outsourcing and consulting arms, including the 1990 purchase of the UK's Hoskyns Group—Europe's top IT outsourcing firm—for enhanced managed services capabilities, alongside United Research and Data Logic for specialized data handling. The Hoskyns deal, completed amid a phased buyout from GEC-Siemens, propelled revenues beyond 9 billion French francs and solidified dominance in the UK, a key gateway for pan-European scaling, though integration strained resources amid cultural and operational mismatches. This era marked a pivot toward management consulting, capitalizing on precursors to the dot-com surge like enterprise resource planning demands, with employee numbers expanding to over 60,000 by mid-decade through combined organic and inorganic growth.[1][8][9] In September 1996, the group rebranded as Cap Gemini, discarding "Sogeti" to streamline its identity, accompanied by a new logo in turquoise and navy blue hues denoting IT and business synergies, as part of a broader campaign to project unified global readiness. This shift addressed branding fragmentation from prior mergers and positioned the firm for cross-border deals, though it risked diluting historical regional equities in a consolidating industry. Empirical outcomes validated the strategy: sustained revenue doubling from 1996 levels underscored European leadership, with acquisitions proving causal drivers of scale over purely organic paths, despite elevated debt from hostile-era precedents.[1][6]Global Growth and Restructuring (2000s–2010s)
In February 2000, Cap Gemini acquired the global consulting and IT services arm of Ernst & Young for approximately $11 billion, a transaction that doubled its workforce to around 45,000 employees and bolstered its footprint in North America and the UK.[10][6] The deal, structured primarily through stock issuance of 43.5 million new shares supplemented by $365 million in cash, prompted a rebranding to Cap Gemini Ernst & Young to reflect the integration of the acquired operations.[11] This expansion into Anglo-Saxon markets aimed to diversify beyond Europe amid intensifying global competition in IT consulting, though it immediately encountered hurdles from cultural clashes and overcapacity in a pre-bust consulting sector.[12] The 2001 dot-com collapse amplified these strains, leading to revenue shortfalls and necessitating aggressive restructuring under Paul Hermelin, who ascended to CEO in December 2001 after eight years with the firm.[12] Hermelin's initiatives included slashing 5,400 jobs in 2002 and streamlining operations to prioritize cost efficiency, while pivoting toward high-volume outsourcing and offshoring models to leverage lower-cost labor markets.[13] By 2007, this shift manifested in plans to scale the Indian delivery centers from 15,000 to 40,000 employees by 2010, capitalizing on globalization's wage arbitrage and free-market incentives for operational resilience amid economic cycles.[14] Such adaptations underscored the firm's ability to navigate downturns through pragmatic resource reallocation rather than subsidies or protectionism. Entering the 2010s, Capgemini refocused on digital transformation as a differentiating service line, integrating analytics, cloud, and automation to address client demands for tech-driven efficiency. In May 2012, founder Serge Kampf stepped down from the chairmanship after 45 years, transitioning leadership to Paul Hermelin as chairman and CEO to sustain this evolution.[1] The decade's emphasis on these areas, unburdened by the prior acquisition's overhang, facilitated recovery and positioned the company for sustained global competitiveness in a maturing IT services landscape.[15]Recent Developments and Major Deals (2020s)
In April 2020, Capgemini completed its acquisition of Altran Technologies, securing 98.15% of Altran's share capital following a successful tender offer initiated in 2019 for €14 per share, totaling approximately €4.1 billion including debt.[16] This deal, Capgemini's largest to date, integrated Altran's 47,000 engineering and R&D specialists, enhancing capabilities in high-tech sectors such as aerospace, automotive, and life sciences, and was rebranded as Capgemini Engineering in April 2021 to consolidate engineering services.[17] Capgemini continued its acquisition strategy into 2025, announcing the $3.3 billion all-cash purchase of WNS Global Services on July 7, 2025, at $76.50 per share, which closed on October 17, 2025, creating a leader in agentic AI-powered intelligent operations for business process management.[18] The acquisition expanded Capgemini's outsourcing footprint, particularly in AI-driven automation for finance, healthcare, and logistics, amid stable first-half 2025 revenues of €8,711 million.[19] Earlier in August 2025, Capgemini agreed to acquire Cloud4C, a provider of hybrid cloud managed services, to bolster automation-driven cloud platforms supporting digital transformation.[20] These moves supported workforce expansion, with headcount reaching 342,700 by March 2025 and 349,400 by June 2025, reflecting a 4% year-over-year increase driven by engineering and AI talent integration.[21] Capgemini emphasized adaptation to AI and digital demands, forecasting in its 2025 technology trends report that AI would permeate robotics, supply chains, and energy sectors, while pursuing dual digital-green transitions through sustainability initiatives targeting a 90% reduction in scopes 1-3 emissions by 2040 and net-zero status.[22][23]Business Operations
Core Services and Offerings
Capgemini's core services are organized into three primary business segments: Strategy & Transformation, Applications & Technology, and Operations & Engineering, which collectively generated €22,096 million in revenue for fiscal year 2024.[24][2] The Strategy & Transformation segment focuses on consulting services that advise clients on business strategy, digital roadmaps, and operational improvements, often integrating AI-driven insights for decision-making.[25] Applications & Technology services encompass software development, application management, and digital solutions, with a strong emphasis on cloud migration and modernization to enable scalable IT infrastructures.[26] Operations & Engineering involves managed services, engineering R&D, and outsourcing for manufacturing and supply chain processes, leveraging automation for efficiency gains.[26] These segments support a client-centric model centered on digital transformation, where Capgemini delivers end-to-end solutions that combine business advisory with technology implementation, distinguishing it from consultancies limited to strategy or pure IT providers.[25] For instance, in intelligent industry offerings, the firm optimizes supply chains through AI and data analytics, as seen in partnerships deploying predictive maintenance and automation for industrial clients.[26] Cloud services form a foundational element across segments, with hybrid cloud strategies enabling enterprise-wide adoption, including workload migration and cost optimization reported to reduce operational expenses by up to 30% in select deployments.[27] AI and data services are integrated throughout, with generative AI (GenAI) applications accelerating transformation in areas like customer experience personalization and enterprise management, where tools analyze vast datasets for real-time insights.[28] Cybersecurity is embedded as a cross-cutting capability, providing continuous threat detection, compliance frameworks, and resilience measures, particularly for AI-enabled systems vulnerable to emerging risks.[29] This holistic approach contrasts with fragmented service models by ensuring seamless integration from strategy to operations, evidenced by sustained demand in cloud and AI offsetting declines in other areas during 2024.[24]Key Subsidiaries and Brands
Sogeti functions as Capgemini's dedicated arm for technology services, specializing in digital quality engineering, testing, and high-tech consulting to ensure software reliability and rapid local implementation.[30] It deploys agile, client-embedded teams to address software quality assurance, cloud migration, DevSecOps, and emerging technology integration, enabling swift adaptation to client-specific needs without compromising delivery speed.[31] Through this localized model, Sogeti differentiates Capgemini by bridging global strategy with on-ground execution, particularly in IT operations and digital platforms.[32] Capgemini Invent operates as the group's innovation and transformation consultancy, concentrating on end-to-end strategy formulation, creative design, data analytics, and technology roadmapping to guide organizational reinvention. It combines multidisciplinary expertise to craft bespoke transformation blueprints, emphasizing inventive approaches that align business objectives with technological feasibility and user-centric design.[33] This brand enhances Capgemini's service portfolio by focusing on foresight-driven initiatives that preempt market disruptions and foster sustainable competitive edges.[34] Capgemini Engineering, rebranded in April 2021 following the integration of Altran's capabilities, delivers specialized engineering and R&D services tailored to industrial and manufacturing sectors, encompassing product design, systems simulation, embedded software development, and digital manufacturing processes.[35] The unit, comprising over 52,000 professionals globally, stems from Capgemini's €3.7 billion acquisition of Altran announced in June 2019 and completed in early 2020, which expanded expertise in high-intensity R&D for sectors like automotive, aerospace, and energy.[17][36] By consolidating these assets, Capgemini Engineering provides differentiated value through incremental and disruptive innovation, enabling clients to optimize complex engineering workflows and accelerate product lifecycles.[37] Capgemini Government Solutions is a subsidiary providing IT and consulting services to various U.S. federal agencies.Research, Innovation, and Specialized Labs
Capgemini operates the Quantum Lab, a dedicated global network of quantum experts, partners, and research facilities established in January 2022 to advance quantum computing, cryptography, and sensing technologies.[38][39] The lab focuses on developing proofs-of-concept and prototypes for optimization problems and other intractable challenges in business and energy sectors, including a 2025 project with the U.S. Defense Advanced Research Projects Agency to apply quantum computing to energy transition modeling.[40][41] This internal R&D effort emphasizes experimental validation of quantum advantages over classical computing, distinct from client-facing implementations.[42] In artificial intelligence, Capgemini maintains specialized labs such as the Generative AI Lab and AI Futures Lab, which conduct proprietary research into AI model evolution, agentic systems, and convergence with domains like robotics.[43][44] These entities produced the TechnoVision 2025 report, forecasting AI-driven robotics for partial-scale deployment in nearly one-quarter of surveyed organizations by year-end, alongside nuclear energy resurgence to meet AI's power demands via small modular reactors.[45][46] Complementing these, Capgemini established an AI Center of Excellence in Egypt in April 2025 for generative and agentic AI experimentation, and partnered with Aston University in October 2025 for enterprise AI research.[47][48] Sustainability-focused R&D integrates across labs, as detailed in the Capgemini Research Institute's "A world in balance 2025" report, which analyzes trends in circularity and climate technologies through empirical data on geopolitical impacts and regulatory shifts.[49][50] Outputs include forward-looking proofs-of-concept for sustainable tech stacks, prioritizing causal links between innovation inputs like nuclear advancements and measurable ecological outcomes over declarative goals.[51] The Applied Innovation Exchange network coordinates these efforts globally, fostering internal prototypes in quantum-AI hybrids for scientific discovery.[52][53]Leadership and Governance
Founders and Historical Leadership
Serge Kampf founded Capgemini, originally as Sogeti, on October 1, 1967, in Grenoble, France, establishing it as a data processing and enterprise management company targeted at business clients.[1] Born on October 13, 1934, in Grenoble, Kampf held degrees in law and economics and began his career at General Electric in 1960 before launching Sogeti to address emerging needs in IT services and consulting.[54] Under his direction, the firm pioneered the integration of technical expertise with organizational consulting and client proximity in the 1970s, laying the groundwork for expansion through targeted acquisitions that transformed it from a regional player into an international entity.[55] Kampf served as managing director and later chairman, driving a strategy of opportunistic mergers and buyouts that capitalized on market opportunities in computing and services, evidenced by the rebranding to Capgemini in 1996 following key consolidations.[56] Kampf's leadership emphasized rigorous, decentralized management and entrepreneurial autonomy, enabling rapid scaling amid the IT sector's evolution from mainframes to distributed systems.[57] He retired as chairman in 2012 after 45 years, handing over to Paul Hermelin, whom he had groomed as successor during periods of financial strain and competitive pressures.[54] Kampf passed away on March 15, 2016, at age 81, leaving a legacy of decisive actions that positioned the group for sustained growth through organic development and inorganic deals rather than speculative ventures.[58] Paul Hermelin joined the group in May 1993 to coordinate central functions and ascended to CEO of Capgemini France in 1996, overseeing the integration of the Ernst & Young IT consulting business that bolstered European operations.[59] Appointed group CEO on January 1, 2002, Hermelin navigated post-acquisition challenges, including debt from the Ernst & Young merger and the early-2000s economic downturn, by focusing on cost efficiencies, selective divestitures, and client-centric service diversification.[9] His tenure through the mid-2010s emphasized global footprint expansion via further acquisitions and operational streamlining, scaling revenue from approximately €6 billion in 2002 to over €10 billion by 2015 through market-driven investments in high-growth areas like outsourcing and digital transformation.[59] In 2012, he assumed the combined chairman and CEO role, continuing Kampf's acquisition-oriented approach while prioritizing profitability amid shifting industry dynamics.[60]Current Executive Team and Board
Aiman Ezzat has served as Chief Executive Officer of Capgemini SE since May 20, 2020, leading the executive committee in pursuing disciplined organic growth and selective investments in high-value areas such as AI and sustainability.[61] Under his tenure, the company has emphasized a measured approach to AI deployment, prioritizing projects with clear ROI tied to client use cases, cost efficiency, and tangible outcomes rather than indiscriminate adoption; Ezzat noted in July 2025 that not all AI initiatives deliver positive returns, advocating for foundational integration before scaling.[62] In February 2025, Ezzat publicly critiqued the European Union's AI regulations as having gone "too far and too fast," arguing they impose excessive restrictions that disadvantage global firms operating in fragmented regulatory environments without harmonized international standards.[63][64] The executive committee, comprising 13 members as of 2025, supports Ezzat in operational oversight across regions and functions, including key figures such as Chief Financial Officer Franck Greverie, Chief Operating Officer Fernando Alvarez, and regional leaders like Anirban Bose for North America.[65] This team has driven strategic initiatives like the July 2025 launch of the Resonance AI Framework, aimed at embedding AI into enterprise operations for measurable impact while mitigating risks through structured governance.[66] Capgemini's Board of Directors consists of 15 members as of May 7, 2025, blending independent industry experts, employee representatives, and shareholder directors to provide oversight on strategy, ethics, and sustainability.[67] Chaired by Paul Hermelin, the board includes figures such as Patrick Pouyanné of TotalEnergies and Kurt Sievers of Siemens, whose renewed terms were approved in 2025, alongside new appointee Jean-Marc Chéry of STMicroelectronics; the Strategy & CSR Committee, featuring Ezzat and independents like Megan Clarken, ensures alignment on ethical AI practices and long-term resilience.[68][69] Ezzat's leadership has correlated with stable financial performance in 2025 despite macroeconomic headwinds, as evidenced by H1 results showing Q2 improvement in revenues and bookings, with AI-related deals contributing over 7% to growth amid broader market caution.[70][71] This resilience underscores the board's and executive team's focus on pragmatic innovation over hype-driven expansion.[72]Financial Performance
Historical Revenue Trends
Capgemini's revenue demonstrated resilience and gradual expansion in the post-dot-com era, recovering from approximately €3 billion in 2001 amid the IT sector downturn to over €6 billion by the mid-2000s through targeted acquisitions such as the 2002 purchase of Ernst & Young's IT consulting arm and organic growth in outsourcing services. This period marked a shift toward diversified revenue streams, including applications management and business process outsourcing, which buffered against cyclical volatility in technology spending. By 2007, revenues had climbed to around €9.3 billion (equivalent from reported USD figures adjusted for average exchange rates), reflecting a compound annual growth rate exceeding 10% in the recovery phase.[73] The 2008-2009 global financial crisis tested this foundation, with revenues dipping modestly from €8.9 billion in 2008 to €8.6 billion in 2009 before rebounding to €8.8 billion in 2010, a performance attributable to cost controls and strong client retention in Europe and North America rather than aggressive expansion. Throughout the 2010s, revenue trended upward consistently, surpassing €12 billion by 2017 and reaching €14.0 billion in 2019, driven by demand for digital transformation services and acquisitions like iGate in 2015, which added offshore capabilities and bolstered margins. This trajectory highlighted operational stability, with annual growth averaging 5-8% even amid macroeconomic pressures, contrasting with more volatile peers in consulting.[73][74] A pivotal inflection occurred with the 2020 acquisition of Altran Technologies for €3.7 billion, which integrated engineering expertise and propelled full-year revenues to €15.8 billion, a 12.2% reported increase despite a -3.2% organic decline from COVID-19 disruptions. The deal immediately expanded the engineering and R&D services segment, contributing over €3 billion in incremental revenue and positioning Capgemini for sustained growth in high-tech industries like aerospace and automotive, with pro forma combined revenues nearing €17 billion. This strategic move underscored acquisition-driven scaling as a core growth lever, enabling revenue to approach €20 billion by the early 2020s while maintaining profitability through disciplined integration.[75][76]2025 Financial Results and Metrics
Capgemini reported half-year revenues of €11,107 million for the first half of 2025, reflecting a modest increase of 0.2% at constant exchange rates compared to the prior year, though down 0.3% on a reported basis.[77] First-quarter revenues stood at €5,553 million, declining 0.4% at constant currency, while second-quarter growth accelerated to 0.7% at constant rates, indicating a sequential improvement amid persistent market challenges.[21] Bookings reached €11,993 million, up 2.1% at constant currency, yielding a book-to-bill ratio of 1.08, which suggests underlying demand stability despite flat top-line growth.[78] Operating margin remained stable at 12.4% for the half-year, aligning with prior expectations in a subdued economic environment.[79] Organic free cash flow generation totaled €60 million, a decline from €163 million in the first half of 2024, attributable to moderated operational cash inflows and selective capital allocation toward strategic priorities including AI capabilities.[78] This figure underscores a conservative approach to liquidity management, prioritizing resilience over expansion in the face of decelerating client spending. For the full fiscal year 2025, Capgemini narrowed its revenue growth outlook to between -1% and +1% at constant currency, reflecting anticipated stability in the third quarter while maintaining caution due to macroeconomic uncertainties.[80] The company reaffirmed its operating margin target of 13.3% to 13.5% and organic free cash flow objective of approximately €1.9 billion, emphasizing cost discipline and operational efficiency to navigate flat growth conditions without aggressive hiring or acquisitions.[77]| Metric | H1 2025 Value | Year-over-Year Change (Constant Currency) |
|---|---|---|
| Revenues | €11,107 million | +0.2% |
| Q1 Revenues | €5,553 million | -0.4% |
| Q2 Growth | N/A | +0.7% |
| Bookings | €11,993 million | +2.1% |
| Book-to-Bill Ratio | 1.08 | N/A |
| Organic Free Cash Flow | €60 million | Decline from €163 million (prior H1) |