Capgemini said Thursday that first-quarter revenue rose 10% organically, with double-digit growth in nearly all regions, despite cautious client sentiment.
The French consulting and technology group
CAP,
said revenue was 5.73 billion euros ($6.34 billion), up from EUR5.17 billion in the same quarter of 2022.
Analysts had seen revenue at EUR5.59 billion, according to a consensus estimate provided by FactSet.
The company said most of its regions continued to grow in the double digits at constant exchange rates.
“Capgemini has delivered a very good start to the year, above expectations, in an economic environment that remains tense with some clients adopting a ‘wait-and-see’ attitude,” Chief Executive Officer Aiman Ezzat said.
Capgemini backed its full-year targets of revenue growth between 4% and 7% at constant currencies, operating margin of 13.0% to 13.2% and organic free cash flow around EUR1.8 billion.
Write to Christian Moess Laursen at christian.moess@wsj.com
