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Capgemini reports solid H1 2023

Capgemini has reported a revenue of €11.42bn in H1 2023, up 6.9% on a reported basis and 7.9% at constant exchange rates. 

Despite a challenging macroeconomic environment, growth was fuelled by strong momentum in Intelligent Industry, cloud, data, and AI services. 

Operating margins rose to €1.4bn, an increase of 9% YoY. The company's operating profit increased by 8% to €1,151bn.

A notable performance was seen in the UK and Ireland region, with a growth rate of 12.0%. 

Capgemini CEO Aiman Ezzat said: “The Group delivered another solid performance in the first half. In a softer economic environment, as expected, we achieved 7.9% revenue growth at constant exchange rates and operating margin improvement.”

He also affirmed the company's strategic focus on AI, announcing a €2bn investment, along with plans to double its Data & AI teams to 60,000 within three years. 

“We confirm all our 2023 objectives announced at the beginning of the year for revenue growth, operating margin improvement and free cash flow,” he added.