Report
Nicolas David

Capgemini : Solid Q4/FY 2023 earnings. Guidance for FY 2024 growth slightly below expectations, offset by solid OM and FCF

>Q4 y-o-y org. growth of -0.9% roughly in line with expectations. Decent bookings - Q4 2023 sales were € 5,616m down -0.2% at cc. This figure is roughly in line with expectations (vs ODDO BHF: € 5,599m, down -0.5% y-o-y cc; cons.: € 5,595m down -0.6% y-o-y cc). Organic growth was -0.9% decelerating vs the previous quarter (vs Q3 2023 +2.3% org.), this figure is 10bp above expectations (ODDO BHF: -1.0%; cons.: -1.3%). The book-to-bill was 1.18x (vs 1.19x on averag...
Underlying
Capgemini SE

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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