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Capgemini: Q1 sales down over 3%

( - Capgemini reports Q1 2024 sales of E5.
53bn, down 3.5% y-o-y as reported and down 3.3% at constant exchange rates.

The IT services group booked orders worth over E5.65bn, down 3.5% at constant exchange rates. Its book-to-bill ratio thus stood at 1.02, exceeding its historical average for a Q1.

For 2024, Capgemini confirms that it is targeting sales growth at constant exchange rates of between +0 and +3%, an operating margin of 13.3% to 13.6%, and organic free cash flow generation of around E1.9bn.

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