Capgemini gives a muted revenue guidance for 2023, sees uptick in offshoring demand

Amid economic uncertainties, French IT consulting group Capgemini has toned down its revenue forecast for 2023 despite closing 2022 with high growth.

In its Q4 earnings call, the company called out a slowing demand for its cloud, data and artificial intelligence services. The company has also seen an uptick in demand for offshoring delivery as European clients have struggled with economic constraints.