Capgemini shares surge on higher-than-expected quarterly revenue
April 29 (Reuters) - French IT consulting firm Capgemini (CAPP.PA), opens new tab reported first-quarter revenue of 5.55 billion euros ($6.32 billion) on Tuesday, up 0.5% from last year at current exchange rates, on firm demand for its services focussed on cost-optimization.
Capgemini shares jumped as much as 10%, as of 0704 GMT.
Analysts at J.P.Morgan had expected revenue of 5.51 billion euros.
Its service offers around cloud, data and artificial intelligence saw robust growth in the quarter, the company said.
Despite the ongoing economic volatility, the company has not observed any significant impact on client decisions.
"Clients are still cautious, so they are very focused on how they use their operations and reduce their costs, because they don't really see much growth in the current environment," CEO Aiman Ezzat said in a call.
The company confirmed its guidance for 2025.
"We retain the cautious stance adopted at the beginning of the year," Ezzat said in a statement. ($1 = 0.8788 euros)
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