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(Reuters) -French IT consulting group Capgemini lower its 2024 income goal for the second time this 12 months on Wednesday, after continued weak spot in a few of its markets, particularly manufacturing, hit its third-quarter gross sales.
The group, which gives providers starting from cloud and AI to enterprise administration throughout a big selection of industries, had in July forecast a shock fall in its annual income as a result of a downturn within the automotive and aerospace sectors.
It now expects its income to say no by between 2% and a couple of.4% at a continuing foreign money foundation, versus its earlier forecast for a drop of 0.5% to 1.5%.
Capgemini’s income fell 1.6% at fixed change charges to five.38 billion euros ($5.82 billion) within the third quarter.
“In a market that continues to be comfortable general, we count on to ship the same development in This autumn,” CEO Aiman Ezzat mentioned within the earnings assertion, although he added the corporate anticipated headwinds tech and telecom sectors to ease steadily.
“Consumer demand continues to be pushed by operational efficiencies and price discount and we seize their rising urge for food for AI and Gen AI providers,” Ezzat mentioned.
($1 = 0.9244 euros)
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