Capgemini Q3 revenue declines 1.9%, reducing 2024 revenue forecast to 2%-2.4% decline.

Capgemini reported a 1.9% revenue decline in Q3, totaling €5.377 billion, prompting a second reduction of its 2024 revenue outlook. The revised forecast predicts a 2% to 2.4% decline, compared to an earlier expectation of 0.5% to 1.5%. CEO Aiman Ezzat noted challenges in the automotive and aerospace sectors but anticipates easing headwinds in tech and telecom. Demand for operational efficiencies and AI services remains strong.

October 30, 2024
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