The Cap Gemini Ernst & Young Group today announces 2003 third quarter consolidated revenue of 1,337 million euros versus 1,627 million euros for the third quarter of 2002, that is to say a decrease by 12.9% at constant exchange rates and perimeter (17.8% at current rates).

In view of the level of bookings in the third quarter, and in particular September bookings which were below expectations due to delays in signature, we expect revenue for the second half-year to be lower than that of the first half-year, excluding currency effects.

The significant growth in the number and size of sales opportunities in the pipeline indicates that revenue should start to recover in 2004 and encourages the Group to maintain its goals for next year.