Paris: French computer services company Capgemini has posted full-year profit which has risen 50% with acquired businesses contributing to earnings for the first time.
Net income for the 12 months through 31December rose to $641.2 million, with sales rising 13% to $12.7 billion.
Sales in North America grew by 9.4%, while in Europe, it advanced 22%. Both figures were based on constant exchange rates and the company didn’t provide actual sales figures for the region.
Capgemini also said it would boost its dividend by 43% to $1.46 a share. The company bought US -based information technology provider Kanbay International Inc. for $1.25 billion in 2006 to boost its presence in India and the US.
Kanbay is a provider of information technology for credit card companies and financial institutions. Although, headquartered in the US, most of the company’s operations are based in India.
“The demand for for consulting and IT services was sustained throughout 2007 and into the beginning of 2008,” the company said. “The crisis in the banking sector, triggered a few months ago by the massive devaluation of assets which it had to carry out has up until now not had any repurcussions on our sector of activity.”
Capgemini shares jumped 8.1% to $54.05 in Paris.