Capgemini upbeat on profit outlook as work-from-home boosts cloud services

Capgemini on Wednesday said profitability would beat market expectations in 2021, after the group reported full-year results in line with consensus, boosted by growth in its digital and cloud services.

The COVID-19 pandemic has given IT services providers, such as Capgemini, the silver lining of an increasing number of companies expediting a move to the cloud to adapt better to a new flexible or exclusively remote working model.

Capgemini said its digital and cloud services, which represented 65% of its business in October-December period, grew around 15% in 2020.