Capgemini Reports €11.11 Billion H1 Revenue, Narrows 2025 Guidance Amid Softer Demand and Geopolitical Uncertainty

Capgemini reported its first-half 2025 earnings with revenue reaching €11.11 billion, slightly above the estimated €11.05 billion. The operating margin stood at 12.4%, matching expectations, with an operating margin value of €1.38 billion, also in line with forecasts. Second-quarter sales at constant foreign exchange rates grew by 0.7%, surpassing the anticipated decline of 0.29%. Despite these results, the company narrowed its full-year guidance due to uncertainty in the third quarter, driven by softer demand and geopolitical tensions. CEO Aiman Ezzat stated that while some stability is expected in the environment going into Q3, Capgemini maintains a cautious outlook to address the ongoing economic slowdown and geopolitical challenges. The firm still anticipates a full-year operating margin between 13.3% and 13.5%. According to reports, Capgemini is heading toward zero growth in 2025, with a slight decline in sales in the first half but improved momentum from Q1 to Q2.