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Capgemini posts weaker revenue growth in Q1

Capgemini posts weaker revenue growth in Q1
The logo of Capgemini is seen at the company’s headquarters in Paris, France, August 3, 2021. REUTERS/Benoit Tessier

By Matteo Allievi and Victor Goury-Laffont

(Reuters) – French IT consulting group Capgemini on Thursday reported a weaker revenue growth in the first quarter of 2023 versus the same period of last year, citing a tense economic environment with clients adopting a “wait-and-see attitude”.

The company’s revenue reached 5.73 billion euros ($6.35 billion) over the period, 10.9% above the first three months in 2022.

($1 = 0.9024 euros)