Cap Gemini retreats from 2001 targets

Article Abstract:

Cap Gemini Ernst and Young has backed away from its scaled-down growth targets for 2001, announcing that results for its current quarter would be "far below" previous objectives and stated that the timing of any recovery was "impossible to forecast."

Abstract

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Cap Gemini expects windfall from acquisition

Article Abstract:

Cap Gemini Ernst and Young launched an expected Euro1.6 billion U.S. tax windfall connected to its $11 billion (Euro12.8 billion) purchase of Ernst and Young L.L.P.'s consulting unit earlier in 2000.

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Cap Gemini posts growth in revenue for first quarter

Article Abstract:

Cap Gemini Ernst and Young SA posted an increase of 9.7% in its pro forma revenue for the 2001 first-quarter. The company posted 2.21 billion euros in quarterly revenues.

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