Capgemini exceeds revenue target as newly acquired WNS drives AI growth

By Leo Marchandon

Feb 13 (Reuters) – French IT services group Capgemini on Friday reported full-year revenue that beat its own target, driven by accelerating ‌fourth-quarter growth as its recently bought WNS unit fuelled demand for ‌AI-powered business process services.

Revenue grew 3.4% at constant exchange rates to 22.47 billion euros ($26.65 billion) in 2025, ​exceeding the company’s October guidance for 2% to 2.5% growth. Fourth-quarter sales surged 10.6%, with newly acquired WNS and Clou4C making a “significant contribution” after their consolidation, Capgemini said.

Group CEO Aiman Ezzat said in a statement that generative and agentic AI accounted ‌for more than 10% of ⁠group bookings in the quarter, up from around 5% earlier in the year.

The company has already identified around 100 cross-selling opportunities ⁠with WNS and signed an intelligent operations contract worth more than 600 million euros, covering multiple business functions and processes linked to agentic AI transformation, Ezzat added in a ​call ​with journalists.

Capgemini forecast 2026 revenue growth of ​6.5% to 8.5% at constant exchange ‌rates, and said that around 4.5 to 5 percentage points of that would come from acquisitions, primarily WNS.

It also expects its operating profit margin to expand to between 13.6% and 13.8%, from 13.3% in 2025. Organic free cash flow is expected in a range of 1.8 billion to 1.9 billion euros, slightly below ‌last year’s 1.95 billion due to higher restructuring ​costs, it said.

Capgemini said it would incur around ​700 million euros in restructuring ​charges over the next two years, most of them in 2026, ‌as it adapts its workforce and ​skills to align with ​demand for AI-driven services.

The French company said it was pivoting “to be the catalyst for enterprise-wide AI adoption”, betting on AI-led transformation programs, intelligent operations ​and sovereignty-related projects to ‌fuel growth.

The group’s headcount stood at 423,400 at end-December, up 24% year-on-year, ​primarily reflecting the integration of WNS employees.

($1 = 0.8432 euros)

(Reporting by Leo ​Marchandon in Gdansk, editing by Milla Nissi-Prussak)