French IT services giant Capgemini has reported stronger-than-expected revenue growth, driven by rising demand for AI-powered services and the integration of newly acquired companies. The firm said its performance exceeded earlier guidance and signalled strong momentum heading into 2026.

📊 Revenue surpasses expectations

Capgemini announced that 2025 revenue grew 3.4% at constant exchange rates to €22.47 billion. The result beat the company’s earlier forecast, which projected growth between 2% and 2.5%. Meanwhile, the company recorded 10.6% growth in fourth-quarter sales, highlighting a sharp acceleration toward the end of the year.

Executives attributed much of the late-year growth to the consolidation of WNS and Clou4C, two recently acquired companies. According to the company, both businesses made a significant contribution to fourth-quarter performance.

🤖 AI demand drives new bookings

Capgemini said generative and agentic AI accounted for more than 10% of group bookings in the fourth quarter. Earlier in the year, this figure stood at around 5%, which shows a rapid increase in demand.

Chief Executive Aiman Ezzat explained that the company has already identified around 100 cross-selling opportunities linked to WNS integration. In addition, the firm signed an intelligent operations contract worth more than €600 million covering multiple business functions connected to AI transformation.

“Generative and agentic AI accounted for more than 10% of group bookings in the quarter.”

The company now aims to position itself as a catalyst for enterprise-wide AI adoption. Leadership believes AI-driven transformation programmes will play a central role in future growth.

📈 Strong growth outlook for 2026

Looking ahead, Capgemini expects 2026 revenue growth of 6.5% to 8.5% at constant exchange rates. The company noted that 4.5 to 5 percentage points of this growth will likely come from acquisitions, especially WNS.

The firm also expects its operating profit margin to rise to 13.6%–13.8%, up from 13.3% in 2025. Meanwhile, Capgemini forecast organic free cash flow between €1.8 billion and €1.9 billion. This projection remains slightly lower than the €1.95 billion recorded in 2025, mainly because of higher restructuring costs.

🔧 Workforce changes and restructuring plans

Capgemini confirmed it will incur about €700 million in restructuring charges over the next two years. Most of these costs will occur in 2026 as the company adapts its workforce to meet rising demand for AI-driven services.

The group’s workforce reached 423,400 employees by the end of December, representing a 24% year-on-year increase. The company said the rise mainly reflects the integration of WNS staff into its global operations.

Leaders emphasised that the company continues to pivot toward AI-led transformation, intelligent operations, and sovereignty-related projects to support long-term expansion.

🌍 Strategic shift toward AI services

Capgemini believes enterprises are accelerating investment in AI-driven business process services. As a result, the company is increasing focus on digital transformation programmes that combine automation, cloud infrastructure, and advanced AI solutions.

The firm’s strategy centres on helping organisations adopt enterprise-wide AI systems. Executives see this shift as a major growth opportunity over the coming years.

Overall, the company’s results highlight the growing commercial impact of artificial intelligence across global business operations.