From GlobeNewswire: 2024-07-26 01:00:00

Capgemini reported H1 2024 revenues of €11,138 million, down -2.5% year-on-year. Operating margin stood at 12.4%, with organic free cash flow of €163 million, up €216 million from last year. The company adjusted its 2024 revenue growth target to -0.5% to -1.5% and confirmed operating margin and free cash flow targets.

In Q2 2024, Capgemini saw revenue growth rates start to improve in all sectors and regions. The operating margin remained stable at 12.4%. The company’s innovative services in Cloud, AI, and Intelligent Industry continued to see strong traction. Capgemini’s AI services are recognized by industry analysts, with over 350 new projects and 2,000 deals in the pipeline.

Capgemini’s North America region saw revenues decrease by -5.4% in H1 2024, with an operating margin of 15.5%. The United Kingdom and Ireland region had a -2.8% revenue decline but a higher operating margin of 20.5%. France experienced a -2.7% revenue decline, with an operating margin of 9.1%. The Rest of Europe region reported stable revenues, with an operating margin of 11.1%.

At constant exchange rates, Capgemini’s Strategy & Transformation services saw a +2.7% revenue increase in H1 2024. Applications & Technology services declined by -3.4%, while Operations & Engineering services decreased by -1.8%. In Q2 2024, the company’s revenue totaled €5,611 million, down -1.9% year-on-year at constant exchange rates and -2.3% on an organic basis. The North America region showed the most improvement in Q2, with revenue contraction limited to -3.7%.



Read more at GlobeNewswire:: Capgemini H1 2024 results