(Reuters) -French IT consulting group Capgemini minimize its 2024 income goal for the second time this 12 months on Wednesday, after continued weak point in a few of its markets, particularly manufacturing, hit its third-quarter gross sales.
The group, which affords companies starting from cloud and AI to enterprise administration throughout a big selection of industries, had in July forecast a shock fall in its annual income as a consequence of a downturn within the automotive and aerospace sectors.
It now expects its income to say no by between 2% and a couple of.4% at a continuing foreign money foundation, versus its earlier forecast for a drop of 0.5% to 1.5%.
Capgemini’s income fell 1.6% at fixed change charges to five.38 billion euros ($5.82 billion) within the third quarter.
“In a market that remains soft overall, we expect to deliver a similar growth in Q4,” CEO Aiman Ezzat mentioned within the earnings assertion, although he added the corporate anticipated headwinds tech and telecom sectors to ease step by step.
“Client demand continues to be driven by operational efficiencies and cost reduction and we seize their growing appetite for AI and Gen AI services,” Ezzat mentioned.
($1 = 0.9244 euros)
