Capgemini Q2CY23 result: Cautious outlook in H2CY23 on softness in BFS, technology and telecom verticals in US
Capgemini (CAP) retained its guidance of 4-7% YoY CC growth for CY23, but now expects full-year growth at midpoint vs the above-midpoint expectation in the previous quarter. This is largely due to higher-than-expected softness in the US driven by weakness in key verticals – BFSI, telecom, technology, consumer goods and retail.