French IT consulting firm Capgemini revises annual revenue forecast, predicting a decline due to weak North American market.
French IT consulting firm Capgemini has revised its annual revenue forecast, predicting a decline instead of stable growth due to weak North American market. Organic sales now expected to fall between 0.5% and 1.5%, down from previous forecast of 0-3% rise. Capgemini's total headcount fell 4% year-on-year and hiring has slowed since 2023. The company maintains its 2024 operating margin and organic free cash flow targets.
July 26, 2024
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