Capgemini reports Q1 revenue down 3.5% to €5.53bn, anticipates market recovery in Q4.
Capgemini, a French IT consulting group, reported lower first-quarter revenue, down 3.5% to 5.53 billion euros ($5.92 billion), due to an expected slowdown in the market. The company's order bookings fell by 3.5% to 5.66 billion euros. CEO Aiman Ezzat anticipates a market recovery toward Q4 with an attractive growth rate in 2025. Capgemini maintains its full-year guidance of constant-currency revenue.
April 30, 2024
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