Capgemini cuts revenue forecast

BENGALURU: French IT services company Capgemini 's constant currency revenue declined 1.6% in the quarter ended Sept, compared to the year-ago period. Revenue for the quarter stood at 5.4 billion euro. It also revised downwards its revenue estimate for the year ending Dec. It expects a degrowth of 2% to 2.4% in constant currency. It had previously guided for a degrowth of 0.5% to 1.5%. The company has also narrowed its margin guidance to 13.3-13.4%, from 13.3-13.6%. The company said it is not confident of touching a margin of 14% even in the next fiscal.