French IT services group Capgemini SA (CAP.FR) Thursday said business momentum has been positive so far in the second quarter as clients again have a big appetite to invest in new projects.

"The second quarter is decisive in order to determine if we return to growth in the second quarter and at the end of May, I can say that the signs are pretty positive," Chief Executive Paul Hermelin said at the group's annual general meeting in Paris.

Hermelin said the stabilization of the IT services markets in the first quarter continued in April and May and the group's project pipeline has been good so far in the second quarter, with several medium-sized projects signed.

The CEO confirmed the group's full-year guidance. The group expects organic revenue to drop between 2% and 4% and targets an earnings before interest and taxes, or EBIT, margin between 6% and 6.5%.

"The second half should be good," Hermelin said.

Capgemini is preparing to make acquisitions and is currently examining many possible buy opportunities, he added. Strengthening its presence in emerging markets is one of the group's goals, he said.

-By Ruth Bender, Dow Jones Newswires; +33 1 40171740; ruth.bender@dowjones.com
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