Capgemini reported revenues of €5,393 million in Q3 2025, up 0.3 percent, reflecting demand for AI, cloud, and data-driven transformation services across key markets.
Revenue Momentum Across Regions
Revenue growth accelerated in nearly all geographies, led by North America, where sales climbed 7 percent year-on-year, driven by the Financial Services, Telecom, Media and Technology (TMT), and Manufacturing sectors.
The UK and Ireland region recorded 9 percent growth, supported by robust performance in Financial Services and TMT. The Asia-Pacific and Latin America region saw the fastest growth at 13.6 percent, fuelled by rising demand in Energy, Utilities, Manufacturing, and Financial Services.
However, France and parts of Rest of Europe experienced modest declines due to softness in the Manufacturing and Services sectors.
Segment Performance Reflects Strong AI Demand
Capgemini’s Applications & Technology services, which represent 62 percent of Group revenues, posted growth of 5.7 percent. The Operations & Engineering division (29 percent of revenues) rose +1.3 percent, supported by expansion in Business Services, while Strategy & Transformation services (9 percent of revenues) were slightly higher at +0.7 percent.
Capgemini booked €5,161 million in new orders during Q3 2025, up 1.5 percent, resulting in a book-to-bill ratio of 0.96, consistent with seasonal trends.
AI and Intelligent Operations Drive Client Wins
CEO Aiman Ezzat attributed the quarter’s better-than-expected performance to Capgemini’s AI-powered business and technology partner positioning and the company’s early strategic moves to realign with evolving client priorities.
“We are accelerating the integration of generative AI across our service portfolio to help clients achieve measurable business value,” said Aiman Ezzat. “Our investments in platforms, delivery frameworks, and AI talent — combined with key partnerships — position us as a leader in this space.”
Capgemini also announced the completion of its WNS acquisition, which strengthens Capgemini’s leadership in the Intelligent Operations market, leveraging agentic AI to enhance business process efficiency and decision-making.
Workforce Expansion Supports AI Ambitions
As of September 30, 2025, Capgemini employed 354,700 people worldwide, up 4.7 percent. The offshore workforce accounted for 60 percent of total employees, reaching 211,800 professionals, underlining the Group’s focus on scalable delivery and AI-driven services.
Upgraded Growth Outlook for 2025
Capgemini raised its full-year 2025 revenue growth target to between +2.0 percent and +2.5 percent. The IT service provider narrowed its operating margin outlook to 13.3 percent–13.4 percent.
Rajani Baburajan
