French IT services group Capgemini reported on Friday that its full-year revenue exceeded its own targets. Accelerated growth in the fourth quarter was driven by rising demand for artificial intelligence-powered business process services, boosted by the recently acquired WNS business unit.
At constant exchange rates, the company's revenue for 2025 grew by 3.4% to 22.47 billion euros (equivalent to 266.5 billion US dollars), surpassing the growth guidance of 2% to 2.5% provided in October. Capgemini stated that fourth-quarter sales surged by 10.6%, with newly acquired companies WNS and Clou4C making a "significant contribution" after being consolidated into the financial statements.
Group CEO Aiman Ezzat said that generative AI and agent AI-related orders accounted for more than 10% of the group's total order volume this quarter, up from approximately 5% earlier this year.
Capgemini forecasts constant currency revenue growth of 6.5% to 8.5% for 2026, with approximately 4.5 to 5 percentage points expected to come from acquisitions, primarily WNS.
The company also anticipates its operating margin to increase to between 13.6% and 13.8%, up from 13.3% in 2025. Due to increased restructuring costs, organic free cash flow is projected to be in the range of 1.8 to 1.9 billion euros, slightly below last year's 1.95 billion euros.
Capgemini indicated that it will incur approximately 700 million euros in restructuring costs over the next two years, with the majority occurring in 2026. These costs are aimed at realigning workforce structure and skills to match the demand for AI-driven services.
The French company stated it is transforming into an enabler of enterprise-level AI applications, betting on AI-led transformation projects, intelligent operations, and data sovereignty-related initiatives to drive growth.
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