Cap Gemini doubles revenue
Cap Gemini saw consulting revenue more than double in the UK in 1997.
In 1998, the firm plans to recruit 2,500 people and push more resources into its consultancy practice.
“People are our engine room and to meet our business plan, delivery promise and projected revenue, we will need more people,” said Maurice Abell, UK divisional managing director, responsible for finance, metal and regional development.
Income from consulting work increased by 53.9 per cent to #42.7m at the end of 1997. UK turnover for all services and sectors rose to #409.7m from #342m. UK profits grew from #25m at the end of 1996 to #37.9m at the end of 1997. Systems integration and development also grew by 53 per cent to #112.4m.
In November 1997 the firm took on 1,000 people from British Steel in a #400m, 10-year outsourcing contract. The deal will boost Cap Gemini’s process sector, which saw revenue drop from #25m in 1996 to #11m in 1997.