(Reuters) – French consulting and IT services provider Capgemini raised its mid-term margin targets on Wednesday, citing the rapidly expanding use of cloud solutions and artificial intelligence across industries.
In a statement released ahead of its capital markets day later on Wednesday, the Paris-based group said it expects an operating margin of 14% by 2025 compared to the guidance for a range of 12.5%-13.0% it first announced in 2015 and reiterated over the years.
The company’s revenue should increase by an average of 7%-9% each year until 2025, it said.
(Reporting by Kate Entringer and Zuzanna Szymanska in Gdansk; Editing by Kim Coghill)
