Capgemini's first-quarter revenue up 7% YoY, in line with estimates
French IT services group Capgemini reported a 7% year-on-year increase in first-quarter revenue at constant exchange rates on Thursday, in line with its guidance.
The company said growth would have reached 11% without the impact of currency fluctuations.
Revenue came in at 5.9 billion euros ($6.88 billion), while bookings rose 6.2% year-on-year to 6 billion euros during the quarter.
Revenue in North America grew 20.7% at constant exchange rate to 1.7 billion euros, driven by its recently acquired AI subsidiary WNS.
Meanwhile revenue decreased 1% in its home market, France, and grew 1.7% in the rest of Europe, with a notable contracting in the Consumer Goods and Public Sectors.
The group headcount stood at 421,000 at end-march, up 23% year-on-year, reflecting the integration of WNS.
Capgemini confirmed its target of revenue growth around 6.5% to 8.5%
The company said growth would have reached 11% without the impact of currency fluctuations.
Revenue came in at 5.9 billion euros ($6.88 billion), while bookings rose 6.2% year-on-year to 6 billion euros during the quarter.
Revenue in North America grew 20.7% at constant exchange rate to 1.7 billion euros, driven by its recently acquired AI subsidiary WNS.
Meanwhile revenue decreased 1% in its home market, France, and grew 1.7% in the rest of Europe, with a notable contracting in the Consumer Goods and Public Sectors.
The group headcount stood at 421,000 at end-march, up 23% year-on-year, reflecting the integration of WNS.
Capgemini confirmed its target of revenue growth around 6.5% to 8.5%
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