OPERATIONS BY MAJOR REGION

North America revenues (25% of Group revenues) surged 35% in H1 year-on-year, boosted by the strengthening of the US and Canadian dollars against the euro. Like-for-like growth was also strong at 11.8%. The operating margin rate increased 1.4 point to 13.3%. Once again, the performances reported this year bear witness to the Group's growth potential in the world's leading IT services market.

The United Kingdom and Ireland region (18% of Group revenues) reported a 5% drop in revenue on a published basis and a 15% fall like-for-like. This decrease is directly tied to the contract mentioned above. The operating margin rate increased 2.8 points on the first-half 2014 to 12.7%.

France (22% of Group revenues) reported an increase of 6% in revenue. At constant consolidation scope, in a market that still fails to show any tangible signs of recovery, revenues are stable overall despite a dip in the second quarter. The operating margin rate fell slightly to 6.2% compared with 6.7% in the first-half 2014.

Benelux revenues (10% of Group revenues) increased by 0.4% thanks to the positive results reported in the financial services sector although, as expected, the environment remains challenging overall. The operating margin rate is 8.4% compared with 8.9% in the first-half 2014.

The Rest of Europe (17% of Group revenues) reported robust growth of 4% and 6% like-for-like, reflecting a solid performance in Northern and Central Europe and an improvement in the growth profile of Southern European countries. Organic growth even reached 8.5% in the second quarter The operating margin rate for the half-year contracted slightly by 0.4 point year-on-year, standing at 7.5% for the first-half 2015.

The Asia-Pacific and Latin America region (8% of Group revenues) reported revenue up 20% year-on-year, and up 15% like-for-like. The operating margin rate improved 0.5 point on the first-half 2014, rising to 3.2% for the first six months of 2015. The seasonality of the operating margin remains significant in this region and the Group expects a higher margin rate in the second-half.

NET CASH AND CASH EQUIVALENTS

The consolidated net cash position at June 30, 2015 is €1,464 million, compared with €205 million at June 30, 2014 and €1,218 million at December 31, 2014. The €246 million increase in net cash in the first half is mainly due to the capital increase performed pursuant to the financing of the IGATE acquisition for a net amount of €500 million, partially offset by the return to shareholders of €220 million through the payment of a dividend of €1.20 per share and the share buyback of €22 million and the consumption of €86 million in organic free cash flow.

Following completion of the IGATE acquisition on July 1, 2015, which is a post H1 closing event, the net debt of the Group is estimated at €2.5 billion.

HEADCOUNT

At June 30, 2015, total headcount was 147,572 people, an increase compared to December 31, 2014 (143,643 employees). The proportion of the workforce 'offshore' is now 48%, up 1.4 points over 6 months. Following the acquisition of the US Company IGATE finalized on July 1, the Group now has 178,500 employees, including 96,000 in its global delivery centers.

DISCLAIMER

This press release may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product development, as well as statements, regarding future performance or events. Forward-looking statements are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates", "plans", "projects", "may", "would" "should" or the negatives of these terms and similar expressions. Although Cap Gemini's management currently believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking statements are subject to various risks and uncertainties (including without limitation risks identified in Cap Gemini's Registration Document available on Cap Gemini's website), because they relate to future events and depend on future circumstances that may or may not occur and may be different from those anticipated, many of which are difficult to predict and generally beyond the control of Cap Gemini. Actual results and developments may differ materially from those expressed in, implied by or projected by forward-looking statements. Forward-looking statements are not intended to and do not give any assurances or comfort as to future events or results. Other than as required by applicable law, Cap Gemini does not undertake any obligation to update or revise any forward-looking statement.

This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.





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