Capgemini expects to record €520 million one-off non-cash income in 2015

PARIS, 12-1-2016 — /EuropaWire/ — Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced it expects to record in 2015 a one-off non-cash income estimated at €520 million.

The organic profitability improvement of Capgemini combined with the acquisition of IGATE lifts the prospects for taxable profits in the US. In accordance with the IFRS accounting rules, Capgemini expects to reassess the carrying amount of the deferred tax asset on US tax loss carry-forwards which leads to record a net non-cash tax income estimated at €520 million.

Capgemini consolidated accounts for 2015 remain to be finalized and are subject to the approval of Capgemini Board of Directors and to the statutory auditors’ certification. The 2015 results of Capgemini will be published on February 18th, 2016.

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SOURCE: Capgemini