The Channel logo

News

By | John Oates 29th June 2007 10:43

Capgemini jumps on Infosys takeover talk

The Indians are coming

Shares in Capgemini jumped this morning on talk of a takeover or merger approach from Infosys.

The giant Indian outsourcing specialist has grown rapidly in recent years as demand for offshored services increases.

Infosys turned over $863m in its fourth quarter ended 31 March 2007 while Capgemini brought in revenues of €2.21bn or $2.99bn. But Infosys revenues grew 44 per cent year on year while Capgemini grew by 14.2 per cent.

Capgemini shares were up 4.6 per cent yesterday and have gone up another 1.5 per cent today on the Paris exchange.

Infosys told the Times of India that the story was speculation but its shares still rose 2.5 per cent on the Mumbai exchange.

Despite the denials observers want to believe Indian firms, with their growing cash piles, will get involved in taking over European firms.®

alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers