Capgemini has committed Rs 50 for the building of additional medical infrastructure in India to provide treatment for the patients infected by the second wave of Covid-19. The money will be spent on building ICU facilities, oxygen plants, etc, and go into relief operations. Capgemini is in talks with the state govt to set up medical facilities in the cities where it has a presence. “This contribution will be in addition to our CSR statutory fund in India, said CEO Aiman Ezzat.
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 €3.55 bn in Q1 of 2020, compared to €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%.