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).
