Capgemini Reports Q1 2025 Results: AI Bookings Surge Amid Challenging Market

Capgemini's Q1 2025 Performance

Capgemini, the French IT giant, has reported its Q1 2025 results, showcasing resilience in a challenging global economic environment. The company posted revenues of €5,553 million, representing a slight decrease of 0.4% at constant exchange rates year-on-year 1

1

2

2

. Despite this minor setback, Capgemini's CEO Aiman Ezzat described the quarter as "slightly better than our expectations" 1

1

.

Strong Bookings and AI Traction

One of the highlights of Capgemini's Q1 performance was its robust bookings, which totaled €5,884 million. This reflects a strong book-to-bill ratio of 1.06, surpassing historical averages for the period 1

1

2

2

. Notably, generative and agentic AI contributed to over 6% of the company's bookings in Q1, indicating growing traction in this cutting-edge technology sector 1

1

.

Regional Performance

Capgemini's performance varied across different regions:

• North America (28% of 2024 revenues): Returned to slight growth, up 0.8% year-on-year 1

  1

• United Kingdom and Ireland (12% of 2024 revenues): Accelerated growth with a 3% year-on-year increase 2

  2

• France (20% of 2024 revenues): Experienced a 4.9% decline year-on-year 1

  1

• Rest of Europe (31% of 2024 revenues): Declined by 2% year-on-year 2

  2

• Asia-Pacific and Latin America (9% of 2024 revenues): Posted strong growth of 7.6% 1

  1

Workforce and Attrition

As of March 31, 2025, Capgemini's total headcount stood at 342,700, representing a 1.6% increase year-on-year 1

1

. The company's offshore headcount grew by 3.9% to 199,400 employees, while onshore headcount declined by 1.4% to 143,300 1

1

. The attrition rate for the year was reported at 16% 1

1

.

Strategic Focus and Investments

Capgemini is capitalizing on the growing demand for AI technologies among its clients. The company continues to invest in training and assets while reinforcing its ecosystem through new initiatives with NVIDIA and Google Cloud 1

1

2

2

. Additionally, Capgemini is focusing on opportunities in defense, sovereignty, and cybersecurity in Europe, while leveraging global growth in digital core and digital continuity 2

2

.

Financial Outlook for 2025

Despite global uncertainties affecting large IT firms, Capgemini has reaffirmed its financial objectives for 2025:

• Revenue growth between -2.0% and +2.0% at constant currency
• Operating margin between 13.3% and 13.5%
• Organic free cash flow of approximately €1.9 billion 1

  1

  2

  2

The company maintains a cautious stance due to the current conditions in international trade and tariffs 1

1

.

Conclusion

Capgemini's Q1 2025 results demonstrate the company's ability to navigate a challenging market environment while capitalizing on emerging technologies like AI. The strong bookings and growing AI traction position Capgemini well for future growth, despite the slight revenue decline in the current quarter.