May 27 (Reuters) – Capgemini unveiled new medium-term targets on Wednesday, as the French IT group positions itself as a consultant to help companies implement AI across industries. The group targets average yearly revenue growth of 5.5% to 7.5% between 2025 and 2028, and cumulative organic free cash flow of more than €6 billion ($6.98 […]
Science
Capgemini sets mid-term targets as it bets on AI consulting growth
Audio By Carbonatix
May 27 (Reuters) – Capgemini unveiled new medium-term targets on Wednesday, as the French IT group positions itself as a consultant to help companies implement AI across industries.
The group targets average yearly revenue growth of 5.5% to 7.5% between 2025 and 2028, and cumulative organic free cash flow of more than €6 billion ($6.98 billion) from 2026 to 2028. It also aims to raise its operating profit before acquisition costs to between 12.1% and 12.3% of revenue by 2028, it said in a statement.
Capgemini said it was targeting the sprawling work of wiring AI into how large legacy companies actually run, notably through its WNS unit. The group will bet on its “in-depth knowledge of the business challenges of each industry”, CEO Aiman Ezzat said in a statement published ahead of its capital markets day event.
The strategy places Capgemini in a crowded field that says enterprise AI adoption is too industry-specific to be solved by off-the-shelf tools, and that the real value of AI lies in applying it to companies’ own data and operations.
French AI pure-play Mistral is targeting industrial clients in aerospace and automotive sectors with physics-capable AI, while ad giant Publicis has expanded itself into an AI maker and IT consultant, explicitly competing with the likes of Capgemini and Accenture.
($1 = 0.8590 euros)
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)