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The company, which provides services to industries ranging from telecoms to aerospace, expects its revenue to grow between 4% and 7% in constant currency this year, compared with the 16.6% growth it reported for 2022.
“We ended 2022 with good momentum despite a less favorable economic environment,” Chief Executive Aiman Ezzat said in an earnings statement.
The group’s revenue reached 22 billion euros ($23.48 billion) last year, while its bookings totalled 23.7 billion euros, an increase of 16.8% at constant exchange rates.
Capgemini, which offers consulting, digital, technical and engineering services, said it had increased its workforce by 11% year-on-year, reaching a headcount of 359,600 at the end of December.
The results come at a time when slowing growth, soaring inflation and a looming recession have pushed IT companies including U.S. giants Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) to slash jobs.
The Paris-based company also forecast 2023 operating margin in a range of 13.0% to 13.2%, and organic free cash flow of around 1.8 billion euros.
($1 = 0.9371 euros)
