Financial PerformanceCapgemini's 3Q24 results were below expectations, with Q3 revenues down 2.1% organically, indicating weak sector demand and a lack of momentum in key geographies except the UK.
Growth OutlookCapgemini management lowered its FY24 growth guidance to -2.0% to -2.4% revenue growth, reflecting a more challenging environment than previously anticipated.
Market ConditionsCapgemini's difficulties in securing new business are highlighted by a 0.8% year-over-year decrease in bookings, suggesting challenges in the current market landscape.