Grim predictions for 2003...
By Pia Heikkila, 26 July 2002 16:30
NEWS IT services group Cap Gemini has reported poor results and predicted market conditions will remain difficult until next year. The French giant reported E259m loss during in the first half of this year compared to a profit of E110m in the same period last year. The company has already announced global job cuts totalling 5,000 and said it is not seeing a sign of recovery until 2003 at the earliest.
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