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Capgemini raises 2026 guidance for second time as AI rush turns into contracts

By · Via Times of India · Published by Everything Blog

In short

Third-quarter revenues reached €6,073 million, reflecting an 11.7% increase at constant exchange rates that surpassed market expectations. Growth was heavily driven by the Strategy & Transformation division, which expanded by 18.6% as organizations prioritized structural overhauls. Recent acquisitions of WNS and Cloud4C also bolstered regional figures, led by a 25.2% surge across the United Kingdom and Ireland. Consequently, annual constant currency revenue growth expectations have been lifted to a range between 9.0% and 9.5%.

Key points

  • Enterprise artificial intelligence experimentation has matured into concrete contracts fo…: Enterprise artificial intelligence experimentation has matured into concrete contracts focused on data overhaul, governance, and security.
  • Strategic acquisitions such as WNS and Cloud4C continue to reinforce the company's geogra…: Strategic acquisitions such as WNS and Cloud4C continue to reinforce the company's geographic revenue performance.
  • Momentum is projected to hold through the fourth quarter with an expected constant curren…: Momentum is projected to hold through the fourth quarter with an expected constant currency growth rate between 3% and 4%.

Sources checked by our analysis pipeline: 1

One of Europe's biggest IT consulting company Capgemini has raised its 2026 guidance for the second time this year. French IT company raised its guidance after its third-quarter revenue grew 12%, in what is being viewed as the strongest signal yet that the rush to deploy AI is turning into contracts for Europe's established IT consultancy companies. In earnings call, Capgemini CEO Aiman Ezzat said that third-quarter growth beat analyst expectations and outpaced the sector, with demand now concentrated in overhauling clients' data systems to adapt their business to AI.

The Capgemini Group reported third quarter 2026 revenues of €6,073 million, up +12.6% at current exchange rates and +11.7% at constant exchange rates. Capgemini Group CEO Ezzat said that the company continues to see strong momentum in North America and the United Kingdom, and a clear acceleration in France. The Group’s underlying growth (i.e. excluding the impact of acquisitions) in Q3 2026 was solid, supported by the positive momentum in North America and the United Kingdom, as well as continued improvements in France and the Rest of Europe. Acquisitions (notably…

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