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

French IT services group Capgemini reported a 7% rise in first-quarter revenue at constant exchange rates on Thursday, in line with guidance. The company, which ‌serves government ⁠agencies, ⁠critical infrastructure operators and large regulated businesses, said growth would have been 11% without currency swings.

CEO Aiman Ezzat told reporters AI is rapidly reshaping the company’s business mix, with generative and agentic AI accounting for more than 10% of group bookings in the quarter. He ⁠cited Capgemini’s ‌global reach and deeper partnerships with U.S. tech firms, including Google and a new “Frontier Alliance” ⁠with OpenAI, as key drivers of growth.