France’s Capgemini sees weaker revenue growth as demand slows

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Reuters UK

(Reuters) -French IT consulting group Capgemini on Tuesday forecast weaker 2023 revenue growth due to slowing demand for its cloud, data and artificial intelligence services in the uncertain macroeconomic environment. The company, which provides services to industries ranging from telecoms to aerospace, expects its revenue to grow between 4% and 7% in constant currency this year, compared with the 16.6% growth it reported for 2022. “We ended 2022 with good momentum despite a less favorable economic environment,” Chief Executive Aiman Ezzat said in an earnings statement. The group’s revenue rea…

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