Capgemini posts 2% sales dip, but beats estimates aided by AI demand

Quick Summary:

French IT consulting firm Capgemini reported a 2 per cent drop in its annual constant currency sales on Tuesday, but narrowly beat market expectations, helped by sustained demand for its cloud and AI services".

Last year, Capgemini slowed down hiring to reduce costs.

It sees an operating margin of 13.3 per cent to 13.5 per cent for the year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFrance

Topics: Capgemini Euros Services Sales 2024 Constant Tuesday Year Cloud Currency Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-18 @ 14:16:14 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 328 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 26247674

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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