Capgemini posts weaker revenue growth in first quarter

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Reuters UK

By Matteo Allievi and Victor Goury-Laffont (Reuters) – French IT consulting group Capgemini on Thursday reported weaker revenue growth in the first quarter of 2023, compared with the year-ago period, citing a tense economic environment with clients adopting a “wait-and-watch stance”. Still, the company’s quarterly revenue reached 5.73 billion euros ($6.35 billion), 10.9% above the first three months in 2022. Cloud services for years have been one of the largest sources of growth for some of the biggest tech companies, but investors are now looking to see whether there is a glut in capacity tha…

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