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

By Reuters Staff 2 Min Read (Reuters) - 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. FILE PHOTO: The logo of Cap Gemini is seen at the entrance of the company headquarters in Paris, France, February 18, 2016. REUTERS/Charles Platiau/File Photo 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.

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Capgemini sees 2021 profitability above market expectations

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