Capgemini reports sales of 5.53 billion euros for the first quarter of 2024, down 3.5% year-on-year on a reported basis and 3.3% at constant exchange rates.

The IT services group booked orders worth over 5.65 billion euros, down 3.5% at constant exchange rates. Its book-to-bill ratio thus stood at 1.02, exceeding its historical average for a first quarter.

For 2024, Capgemini confirms that it is targeting sales growth at constant exchange rates of between +0 and +3%, an operating margin of between 13.3 and 13.6%, and organic free cash flow generation of around 1.9 billion euros.

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