© Reuters. FILE PHOTO: The logo of Capgemini is seen at the company’s headquarters in Paris, France, August 3, 2021. REUTERS/Benoit Tessier
(Reuters) – Capgemini said on Thursday it expects its full-year results at the top end of its guidance, after the French IT consulting firm posted a rise in quarterly revenues driven by demand for cloud, data and artificial intelligence services.
In July, the company forecast revenue growth of between 14 and 15% at constant currency and an operating margin of 12.9% to 13.1% for the full year.
“Given this very good Q3 performance, we now feel comfortable with the top end of our growth outlook for 2022,” chief executive Aiman Ezzat said in a statement.
The results come amid growing fears that an economic slowdown could dent IT budgets after gloomy results from tech giants Alphabet (NASDAQ:) Inc and Microsoft Corp (NASDAQ:).
Revenue came in at 5.55 billion euros ($15.80 billion) in the third quarter, up 15.7% year-on-year at constant exchange rates compared to 4.55 billion euros a year earlier.
($1 = 0.9936 euros)
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