Capgemini Posts Better-than-expected Third-quarter Sales Growth

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October 27, 2020

French consulting and IT services provider Capgemini on Tuesday posted an 18.4% increase in third quarter revenues at constant exchange rates, helped by strong bookings and growth in its digital and cloud offerings.

Capgemini reported better-than-expected quarterly revenues at 4.01 billion euros ($4.74 billion).

The group said it expected the fourth quarter to show a further but limited improvement.

Capgemini, which offers services to industries ranging from telecom to aerospace, confirmed its full-year targets, which include revenue growth between 12.5% and 14.0%, adding it should exceed the mid-point of the range.

($1 = 0.8461 euros)

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Capgemini Posts Better-than-expected Third-quarter Sales Growth

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