Capgemini reported first-quarter sales of 5.53 billion euros on Tuesday, down 3.3% at constant exchange rates year-on-year, in line with group forecasts.

"In a macroeconomic context that remains sluggish, large companies and organizations continue to prioritize their agility and operational efficiency through programs offering a rapid return on investment, to the detriment of non-strategic discretionary spending," Capgemini explained in a press release.

Order intake for the period stands at 5.65 billion euros, a decline of 3.5% at constant exchange rates compared with 2023.

The company confirms its targets for 2024, with sales growth at constant exchange rates of between 0% and +3%. The operating margin is expected to be between 13.3% and 13.6%.

(Written by Mathias de Rozario; edited by Blandine Hénault)