:French IT consulting group Capgemini on Thursday reported weaker revenue growth in the first quarter of 2023, compared with the year-ago period, citing a tense economic environment with clients adopting a 'wait-and-watch stance'. Still, the company's quarterly revenue reached 5.73 billion euros ($6.35 billion
:French IT consulting group Capgemini on Thursday reported weaker revenue growth in the first quarter of 2023, compared with the year-ago period, citing a tense economic environment with clients adopting a"wait-and-watch stance". Still, the company's quarterly revenue reached 5.73 billion euros , 10.9 per cent above the first three months in 2022.
"We will start recruiting again later this year to achieve our growth targets", Capgemini's CEO Aiman Ezzat told reporters. The Paris-based company reiterated its outlook for 2023, pointing to revenue growth in a range between 4 per cent and 7 per cent in constant currency terms, down from a 21.1 per cent increase in 2022, and an operating margin between 13.0 per cent and 13.2 per cent.
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