Capgemini's first-quarter revenue up 7%, in line with estimates

April 30 - ‌French IT ​services ​group Capgemini (OTC: CAPP) 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%

($1 = 0.8578 ​euros)

(Reporting by Leo Marchandon in Gdansk; Editing by Sumana ‌Nandy)

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