Capgemini raises 2026 guidance as AI push brings work to IT consultants (updated)

Capgemini SE

30/10/2026 06:59

Updates with AI context and CEO comment in paragraphs 1-2, financial details in bullet points
Oct 30 (Reuters) - French IT consulting firm Capgemini CAPP.PA raised its 2026 guidance for the second time this year after its third-quarter revenue grew 12%, in the strongest signal yet that the rush to deploy AI is turning into contracts for Europe's established consultancies. 
Capgemini CEO Aiman Ezzat said on Friday that third-quarter growth beat analyst expectations and outpaced the sector, with demand now concentrated in overhauling clients' data systems to adapt their business to AI.
Capgemini targets 2026 revenue growth of 9.0% to 9.5% at constant exchange rates, up from 8.5% to 9.0% previously
Third-quarter revenue rose to €6.07 billion ($6.78 billion), while bookings increased 3.4% to €5.40 billion
Growth was strongest in Britain and Ireland at 25.2% and North America at 18.3%; France grew 4.9% in a second straight quarterly increase
It targets growth of 3% to 4% in the fourth quarter, reflecting earlier acquisitions entering the comparison base rather than weaker demand, Ezzat told reporters
($1 = 0.8957 euros)

(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)
((leo.marchandon@thomsonreuters.com))