Capgemini sets mid-term targets as it bets on AI consulting growth
Capgemini's Strategic Vision and Financial Targets
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.
Revenue and Profitability Goals
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.
AI Integration and Consulting Approach
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.
Competitive Landscape in AI Consulting
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)
