Quarterly sales figures distorted by US and UK currency depreciation, says
French firm
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French outsourcing specialist Capgemini
Group saw its revenues for the first quarter of 2008 remain flat year on
year, posting €2.19bn (£1.7bn) compared with €2.21bn in the first quarter of
2007.
The company said that sales growth was distorted by the steep depreciation of
the US dollar and the UK pound against the euro, with those two countries
accounting for more than 41 per cent of the company’s entire revenues.
Revenues from the UK fell 4.5 per cent linked to the curtailment of
Capgemini’s contract with HMRC, while the
US saw sales grow six per cent, it said.
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