Capgemini, the French consulting and technology group, has confirmed its forecasts for the year, following a strong third quarter performance. Despite a gradual slowdown in previous quarters, the company reported revenue of €5.48 billion ($5.87 billion) for the three months ending in September. This represents a 2.3% growth at constant currency and a 2% organic increase.
Strong Revenue Contributions from Europe and Asia-Pacific
Europe, excluding France, contributed the largest share to Capgemini’s revenue, accounting for €1.63 billion. Revenue from Asia-Pacific and Latin America also saw substantial growth, increasing by 7.6% at constant exchange rates to reach €518 million. However, this region still represents the smallest contribution to the group’s overall revenue.
Positive Booking Performance
Bookings for the company increased by 1% at constant currency to €5.275 billion, resulting in a book-to-bill ratio of 0.96. Capgemini considers this to be a strong performance considering the usual seasonality of bookings.
Focus on Operational Efficiency and Innovation
Capgemini attributes its steady growth to customers’ increasing focus on projects with a faster payback. This includes initiatives that improve operational efficiency and drive innovation within the company. By offering innovative solutions that meet these demands, Capgemini can continue to grow its business.
Confirmed Forecasts for the Year
Capgemini anticipates constant-currency revenue growth between 4% and 7% for the full year. Additionally, the company expects an operating margin of 13% to 13.2% and organic free cash flow of around €1.8 billion.