France's Capgemini signals gradual recovery after lower Q1 sales


FILE PHOTO: The logo of Capgemini is seen at the company's headquarters in Paris, France, August 3, 2021. REUTERS/Benoit Tessier/File Photo

(Reuters) -French IT consulting group Capgemini reported lower first-quarter revenue on Tuesday because of an anticipated slowdown in the market, but said it expects a gradual recovery through the rest of the year.

CEO Aiman Ezzat said Capgemini expects the market to improve gradually and to reach an attractive exit growth rate by the fourth quarter, setting it up for an acceleration in 2025.

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