Capgemini posts better-than-expected third-quarter sales growth

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The logo of Capgemini is pictured during the Viva Tech start-up and technology summit in Paris

French consulting and IT services provider Capgemini on Tuesday posted an 18.4% increase in third-quarter revenues at constant exchange rates, helped by strong bookings and growth in its digital and cloud offerings.

Capgemini reported better-than-expected quarterly revenues at 4.01 billion euros ($4.74 billion).

The group said it expected the fourth quarter to show a further but limited improvement.

Capgemini, which offers services to industries ranging from telecom to aerospace, confirmed its full-year targets, including revenue growth between 12.5% and 14.0%. Adding it should exceed the mid-point of the range.

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