Latest news with #ITconsulting
Yahoo
31-07-2025
- Business
- Yahoo
Capgemini tightens annual revenue guidance, outlook cautious
By Enrico Sciacovelli (Reuters) -French IT consulting firm Capgemini tightened its full-year revenue guidance on Wednesday, while citing caution amid soft demand and an uncertain economic environment. The firm, whose services range from cloud and AI to enterprise management across a wide array of industries, now estimates full-year revenue growth at constant currency in a range of -1% to +1%, compared to the previous estimate of between -2% and 2%. It also approved a multi-year share buyback program of 2 billion euros ($2.3 billion). "Going into Q3, we see some stability in the environment, while we retain our cautious stance to account for the uncertainty created by geopolitical tensions and a slow economy," CEO Aiman Ezzat said in a statement. Capgemini's operating profit for the first half of the year fell 15% year-on-year to 976 million euros. Revenues stood at 11.11 billion euros, down 0.3% on a reported basis but up 0.2% at constant exchange rates. Demand was soft in the first half as clients slashed non-essential spending, the company said. Analysts at Jefferies said in a note that the second-quarter figures were solid "but against a backdrop of soft sub-sector newsflow, we doubt the results are sufficient to materially change investor sentiment." Shares in Capgemini rose as much as 6.9% at market open, but paired gains and were up 0.3% at 0805 GMT. The group reiterated its full-year operating margin estimate in the 13.3% and 13.5% range and said its targets do not include the impact of the proposed acquisition of technology outsourcing firm WNS. In July, Capgemini agreed to buy U.S.-listed WNS for $3.3 billion in cash to expand the range of AI tools it offers for companies. ($1 = 0.8659 euros) Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
Cognizant sees quarterly revenue above estimates on strong enterprise demand
(Reuters) -IT consulting company Cognizant Technology forecast third-quarter revenue above Wall Street expectations on Wednesday, owing to strong spending from customers looking to integrate artificial intelligence into their platforms. Cognizant's services have seen strong uptake from enterprises looking to automate processes and shift workloads to the cloud as they adopt AI in the hopes of boosting productivity and optimizing costs. "Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth," said Cognizant CEO Ravi Kumar S. The company forecast third-quarter revenue between $5.27 billion and $5.35 billion, compared with analysts' expectations of $5.27 billion, according to data compiled by LSEG. It reported revenue of $5.25 billion in the second quarter, beating estimates of $5.19 billion. Cognizant reported earnings per share of $1.31 in the quarter ended June 30, compared with a profit of $1.14 per share a year ago.
CNA
30-07-2025
- Business
- CNA
Cognizant sees quarterly revenue above estimates on strong enterprise demand
IT consulting company Cognizant Technology forecast third-quarter revenue above Wall Street expectations on Wednesday, owing to strong spending from customers looking to integrate artificial intelligence into their platforms. Cognizant's services have seen strong uptake from enterprises looking to automate processes and shift workloads to the cloud as they adopt AI in the hopes of boosting productivity and optimizing costs. "Our investments in talent, platforms and AI infrastructure drove our fourth-straight quarter of organic year-over-year revenue growth," said Cognizant CEO Ravi Kumar S. The company forecast third-quarter revenue between $5.27 billion and $5.35 billion, compared with analysts' expectations of $5.27 billion, according to data compiled by LSEG. It reported revenue of $5.25 billion in the second quarter, beating estimates of $5.19 billion. Cognizant reported earnings per share of $1.31 in the quarter ended June 30, compared with a profit of $1.14 per share a year ago.
CNA
30-07-2025
- Business
- CNA
Capgemini tightens annual revenue guidance, outlook cautious
French IT consulting firm Capgemini tightened its full-year revenue guidance on Wednesday, while citing caution amid soft demand and an uncertain economic environment. The firm, whose services range from cloud and AI to enterprise management across a wide array of industries, now estimates full-year revenue growth at constant currency in a range of -1 per cent to +1 per cent, compared to the previous estimate of between -2 per cent and 2 per cent. It also approved a multi-year share buyback program of 2 billion euros ($2.3 billion). "Going into Q3, we see some stability in the environment, while we retain our cautious stance to account for the uncertainty created by geopolitical tensions and a slow economy," CEO Aiman Ezzat said in a statement. Capgemini's operating profit for the first half of the year fell 15 per cent year-on-year to 976 million euros. Revenues stood at 11.11 billion euros, down 0.3 per cent on a reported basis but up 0.2 per cent at constant exchange rates. Demand was soft in the first half as clients slashed non-essential spending, the company said. Analysts at Jefferies said in a note that the second-quarter figures were solid "but against a backdrop of soft sub-sector newsflow, we doubt the results are sufficient to materially change investor sentiment." Shares in Capgemini rose as much as 6.9 per cent at market open, but paired gains and were up 0.3 per cent at 0805 GMT. The group reiterated its full-year operating margin estimate in the 13.3 per cent and 13.5 per cent range and said its targets do not include the impact of the proposed acquisition of technology outsourcing firm WNS. In July, Capgemini agreed to buy U.S.-listed WNS for $3.3 billion in cash to expand the range of AI tools it offers for companies. ($1 = 0.8659 euros)
Bloomberg
22-07-2025
- Business
- Bloomberg
Carlyle Is Said to Acquire IT Firm Adastra in $400 Million Deal
Carlyle Group Inc. is buying a majority stake in Adastra Group SE in a deal valuing the IT consultancy and services provider at about $400 million including debt, according to people familiar with the matter. The US investment firm is pursuing the deal via Carlyle Europe Technology Partners V and Carlyle Asia Partners Growth II, the people said, asking not to be identified discussing confidential information.
