Capgemini tightens annual revenue guidance, outlook cautious

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French IT consulting firm Capgemini tightened its full-year revenue guidance on Wednesday, while citing caution amid soft demand and an uncertain economic environment.

The firm, whose services range from cloud and AI to enterprise management across a wide array of industries, now estimates full-year revenue growth at constant currency in a range of -1% to +1%, compared to the previous estimate of between -2% and 2%.

It also approved a multi-year share buyback program of 2 billion euros ($2.3 billion).

“Going into Q3, we see some stability in the…



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Capgemini tightens annual revenue guidance, outlook cautious



French IT consulting firm Capgemini tightened its full-year revenue guidance on Wednesday, while citing caution amid soft demand and an uncertain economic environment.

The firm, whose services range from cloud and AI to enterprise management across a wide array of industries, now estimates full-year revenue growth at constant currency in a range of -1% to +1%, compared to the previous estimate of between -2% and 2%.

It also approved a multi-year share buyback program of 2 billion euros ($2.3 billion).

“Going into Q3, we see some stability in the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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