Cap Gemini CEO sees "plenty of demand" for ORCL products...
CapGemini CEO says had "truly tremendous" October
Fri Nov 16, 2007 12:00pm EST BARCELONA, Nov 16 (Reuters) - CapGemini, Europe's biggest computer consultancy, had a "truly tremendous" October and sees no sign yet that customers are curbing spending because of a U.S. economic slowdown, its chief executive said on Friday.
"We do not so far see any U.S. slowdown. We are vigilant but we do not see any slowdown," Paul Hermelin told the Morgan Stanley Technology, Media and Telecoms conference in Barcelona.
He said CapGemini's North American unit had had a "solid" October and foresaw a good fourth quarter.
"The previous recession was the combination of an economic slowdown and the end of a technology cycle, so it was a double negative whammy. Now it's not the end of a cycle," he said.
Hermelin said demand for new software products from SAP (SAPG.DE: Quote, Profile, Research) and Oracle (ORCL.O: Quote, Profile, Research) was driving business. "With SAP NetWeaver, and Fusion from Oracle to come, there's plenty of demand," he said. |
