Cap Gemini has joined a slew of other services companies rebuffing doomsayers by turning in half yearly results showing a healthy rise in both turnover and profit.
The French consultancy giant saw turnover rise 16.2 per cent to 2.2 billion euro (£1.43 billion)for the period to 30 June, while net profit rose 67 per cent to 134 million euro.
Earlier this year, commentators predicted services companies would have a tough time maintaining growth in the wake of the Y2K business boom, but to date there has been little evidence of a slump.
Last week, CMG and Sema Group turned in healthy half yearly figures accompanied by buoyant predictions about future growth. (see Newswire 2 September)
Cap Gemini's announcement coincides with Logica's release of year end results which showed turnover and profit up 39 per cent and 52 per cent respectively. (see earlier story)
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