Capgemini narrows full-year guidance as it heads into uncertain third-quarter

Capgemini narrows full-year guidance as it heads into uncertain third-quarter

Capgemini narrows full-year guidance as it heads into uncertain third-quarter

(Reuters) -French IT consulting firm Capgemini narrowed its guidance for the current financial year on Wednesday, citing caution in an uncertain economic context despite a resilient performance in the first half of the hear.

Capgemini, whose services range from cloud and AI to enterprise management across a wide array of industries, now estimates a full-year revenue growth at constant currency in a range of -1 and +1%, compared to the previous estimate between -2% and 2%.

Its operating profit for the first half of the year stood at 976 million euros ($1.13 billion), down 15% year-on-year.

($1 = 0.8659 euros)

(Reporting by Enrico Sciacovelli; Editing by Mrigank Dhaniwala)

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