Capgemini : Mixed Q2 growth and FY 2024 growth guidance cut, slightly below css expectations. Solid print at bottom line level
>Q2 y-o-y org. growth of -2.3% slightly below expectations. Decent bookings - Q2 2024 sales stand at € 5611m down -1.9% at cc. This figure is -0.5% below expectations (vs ODDO BHF: € 5597m, down -2.3% y-o-y cc; css: € 5640m down -1.2% y-o-y cc). Organic growth stood at -2.3% improving vs previous quarter (vs Q1 2024 -3.6% org). This figure is -70bp below consensus expectations but +40bp above our expectations (ODDO BHF: -2.7%; css: -1.6%).The book-to-bill stands ...Capgemini is a consulting and IT services provider. Co. works closely with technology partners at the cutting edge of innovation in major trends such as: Cloud, Big Data and mobility. Co. offers its clients skills in a variety of fields, such as digital transformation and digital customer experience, Cloud, Big Data, mobility, testing, cyber security, application management. In addition, Co. helps its clients enhance their performance and sharpen their competitive edge by offering them a range of skills grouped around four major businesses: Consulting Services through Capgemini Consulting, Technology Services (TS), Local Professional Services through Sogeti, and X Outsourcing Services (OS).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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