Synopsis
French IT firm Capgemini saw its revenue climb seven percent year-on-year in the first quarter. This performance met the company's expectations. Growth was boosted by strong results in North America, partly due to a recent acquisition. The company has confirmed its revenue growth target for the year. Headcount also saw a significant increase.Listen to this article in summarized format
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%
