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.

5 months ago
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