Capgemini : Q3 cc growth slightly below expectations and no improvement expected in Q4. FY guidance cut, below expectations.
>Q3 cc growth slightly below expectations - Q3 2024 sales stand at € 5,377m down -1.6% at cc. This figure is -0.5% below the consensus expectations (vs ODDO BHF: € 5,379m, down -1.4% y-o-y cc; css: € 5,402m down -1.0% y-o-y cc). Organic growth stands at -2.1%, -50bp below css expectations and -30bp below our expectations (vs ODDO BHF: -1.8% y-o-y org and css at -1.6% y-o-y org). This is a roughly in line vs Q2 2023 (-2.3%). This implies a weak q-o-q org growth of -3.7...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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