|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||198.00 - 202.80|
|52-week range||116.10 - 220.20|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||31.55|
|Forward dividend & yield||1.95 (0.90%)|
|Ex-dividend date||02 Jun 2021|
|1y target est||N/A|
The firm, which offers VPS, dedicated servers and other web services, set the price range for its listing at between €18.50 and €20 per share.
(Reuters) -French consulting and IT services provider Capgemini hiked its 2021 guidance, sending its shares to a 20-year high, after a "structural acceleration" in global demand. The company raised its revenue growth, profit margin and cash flow forecasts for the year following a first-half boost from growth in its digital and cloud services. "We consider this a structural acceleration in demand for technology and not just a bump following the COVID crisis," Chief Executive Aiman Ezzat told analysts in a call.
Those services, which now account for two thirds of the group's activity, have kept growing at a double-digit rate as more companies go digital because of the pandemic, Chief Executive Aiman Ezzat told reporters. "Our clients' demand in terms of digital transformation continues to accelerate," he said. The momentum should carry into the second quarter, Ezzat said, although overall growth was weighed down by the aerospace sector, which has been reeling from the collapse in air travel caused by the pandemic.