Friday, 24 March, 2023

Capgemini defers 2020 outlook, CEO takes 25% salary cut

<p>Capgemini, despite a strong Q1, has said that it was no position to predict the outlook for 2020, It has reported a 3.1% consolidated revenue at &euro;3.55 bn in Q1 of 2020, compared to &euro;3.44 bn last year. Digital and cloud services accounted for over 50% of group revenues. Paul Hermelin, Chairman and CEO, and Aiman Ezzat, who is set to take over as CEO will take a 25% cut in their compensation. Besides the company has reduced the share dividend by 29%.</p>