Company maintains full-year guidance despite slowdown
- Capgemini’s 1Q revenue falls 3.3% on year
- Slowdown across all regions contributes to lower revenue
- Full-year guidance maintained
- Bookings decline 3.5% on year
Capgemini, the French consulting and technology group, reported a 3.3% decline in revenue for the first quarter. This decrease was expected due to a slowdown across all regions. Revenue in the U.K. and Ireland and Asia-Pacific and Latin America regions declined by 3.2% and 1.7% respectively. In the rest of Europe, revenue fell by 0.5%. France and North America regions experienced the largest declines, with revenue falling by 2.8% and 7.1% respectively. Bookings also declined by 3.5% on year. Despite these challenges, Capgemini maintained its full-year guidance, which includes a constant-currency revenue growth of up to 3%, an operating margin between 13.3% and 13.6%, and organic free cash flow of about EUR1.9 billion.
Factuality Level: 9
Factuality Justification: The article provides specific details about Capgemini’s lower revenue for the first quarter, including the percentage decrease in revenue across different regions and the company’s full-year guidance. The information is clear, concise, and based on factual data without any apparent bias or misleading information.
Noise Level: 2
Noise Justification: The article provides clear and relevant information about Capgemini’s lower revenue for the first quarter, including specific numbers and regions affected. It stays on topic and does not contain irrelevant or misleading information. The article supports its claims with data and examples, making it a credible source of information.
Financial Relevance: Yes
Financial Markets Impacted: Capgemini’s lower revenue for the first quarter may impact its stock price and investor sentiment. It may also have implications for the consulting and technology industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses Capgemini’s financial performance for the first quarter, indicating its relevance to financial topics. However, there is no mention of any extreme event or its impact.
Public Companies: Capgemini (CAP)
Key People: Najat Kantouar (Author)
Reported publicly:
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