Capgemini sees improved demand in 2014

PARIS Thu Feb 20, 2014 1:47am EST

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PARIS Feb 20 (Reuters) - French technology consultancy Capgemini forecast improved demand and profitability for 2014 after posting a full-year operating margin slightly above expectations, helped by a strong year-end performance, notably in North America.

Europe's largest IT services group by market value said on Thursday its operating margin reached 8.5 percent of 2013 consolidated revenue, representing a rise of 40 basis points compared with 2012, slightly overshooting a target of a 30 basis point rise.

It forecast organic revenue growth of 2-4 percent for 2014 and an operating margin between 8.8 percent and 9 percent, while organic free cash flow should exceed 500 million euros ($687.67 million). ($1 = 0.7271 euros) (Reporting by Astrid Wendlandt; Editing by James Regan)

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