Capgemini CEO says eyes acquisitions
BARCELONA |
BARCELONA Nov 19 (Reuters) - French IT services company Capgemini (CAPP.PA) could use its strong cash position to make acqusitions or pay an extra dividend, chief executive Paul Hermelin said on Thursday.
"Could we see extra dividend? Maybe. But it's up to the board to decide," Hermelin said at a conference in Barcelona.
Capgemini had net cash of 576 million euros ($857 million) at mid-2009.
Hermelin said the company was looking for acquisitions outside Europe, in the United States and Asia, but was not interested in mega-deals.
"I don't think we should buy back shares," Hermelin also said, adding small buy backs were still possible. (Reporting by Tarmo Virki; Editing by Dan Lalor) ($1 = 0.6722 euro)
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