Capgemini SE provides consulting, digital transformation, technology, and engineering services across North America, France, the United Kingdom, Ireland, Europe, Asia-Pacific, and Latin America. It offers strategy and transformation, applications and technology, cloud infrastructure, and business process outsourcing services, serving industries such as aerospace and defense, automotive, banking, healthcare, manufacturing, and telecoms. The company has a strategic alliance with OpenAI for enterprise AI solutions and a partnership with Duality Technologies for secure AI and analytics. Formerly Cap Gemini S.A., it changed its name to Capgemini SE in June 2017, was incorporated in 1967, and is headquartered in Paris, France.
Capgemini lifts 2026 growth target as AI demand broadens
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Capgemini raises 2026 revenue growth target to ~8.5-9% Capgemini lifted its full-year 2026 revenue growth target to about 8.5-9% from 6.5-8.5%, after first-half revenue rose 8.8% and bookings climbed 9.2%. Strong AI-led transformation demand and the WNS integration are pulling more work in, which supports the share price.
This is the single biggest new fact: a higher growth target directly raises expected future earnings.
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European tech firms seen as AI winners as clients move from testing to rollout Earnings from SAP, Capgemini, Sopra Steria and OVHcloud show large organizations are moving AI from small experiments to full deployment. That work is complex and needs outside help, so it feeds Capgemini's order book and supports the higher growth target.
It explains the industry-wide force behind Capgemini's upgrade, not just one quarter's numbers.
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AI-driven power demand creates new consulting work for Capgemini A Capgemini Research Institute report says data centers are straining power grids, with 68% of electricity executives expecting shortages and most utilities unable to forecast demand well. That pushes utilities to buy grid and AI consulting, a fresh source of demand for Capgemini's services.
It shows a new, concrete demand pool opening up for Capgemini beyond its traditional IT work.
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Fraud-management market growth and Ambarella channel deal widen Capgemini's reach The AI fraud-management market is set to nearly double to $37.27 billion by 2030, and Capgemini's earlier Exiger financial-crime acquisition positions it in that growth. Separately, a seven-year engineering deal with Ambarella expands indirect sales. Both add longer-term revenue streams.
These are new business developments that broaden Capgemini's revenue base, though smaller than the guidance upgrade.
Q3 2026
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Capgemini lifts 2026 growth target as AI demand broadens
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Capgemini raises 2026 revenue growth target to ~8.5-9% Capgemini lifted its full-year 2026 revenue growth target to about 8.5-9% from 6.5-8.5%, after first-half revenue rose 8.8% and bookings climbed 9.2%. Strong AI-led transformation demand and the WNS integration are pulling more work in, which supports the share price.
This is the single biggest new fact: a higher growth target directly raises expected future earnings.
▲
European tech firms seen as AI winners as clients move from testing to rollout Earnings from SAP, Capgemini, Sopra Steria and OVHcloud show large organizations are moving AI from small experiments to full deployment. That work is complex and needs outside help, so it feeds Capgemini's order book and supports the higher growth target.
It explains the industry-wide force behind Capgemini's upgrade, not just one quarter's numbers.
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AI-driven power demand creates new consulting work for Capgemini A Capgemini Research Institute report says data centers are straining power grids, with 68% of electricity executives expecting shortages and most utilities unable to forecast demand well. That pushes utilities to buy grid and AI consulting, a fresh source of demand for Capgemini's services.
It shows a new, concrete demand pool opening up for Capgemini beyond its traditional IT work.
▲
Fraud-management market growth and Ambarella channel deal widen Capgemini's reach The AI fraud-management market is set to nearly double to $37.27 billion by 2030, and Capgemini's earlier Exiger financial-crime acquisition positions it in that growth. Separately, a seven-year engineering deal with Ambarella expands indirect sales. Both add longer-term revenue streams.
These are new business developments that broaden Capgemini's revenue base, though smaller than the guidance upgrade.
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Defense & Geopolitical Fragmentation
Capgemini completes sale of Capgemini Government Solutions to ITC Federal
Capgemini has closed the sale of Capgemini Government Solutions to ITC Federal, with the transaction completing on September 30, 2026, under the definitive agreement announced on September 12, 2026. The divestment of Capgemini Government Solutions, a unit of the Paris-based group, was confirmed in a company statement issued from Paris. Capgemini, which describes itself as a business transformation partner for enterprises in the age of AI, employs over 410,000 team members in more than 50 countries and reported 2025 revenues of €22.5 billion. Financial terms of the sale were not disclosed.
Defense & Geopolitical Fragmentation › Defense Software & C4ISR Capital
CAP.PA · Capital · Neutral Capgemini completed the divestment of its Government Solutions unit to ITC Federal, a portfolio/M&A event with undisclosed terms.
ITC Federal · Capital · Neutral ITC Federal closed its acquisition of Capgemini Government Solutions, an M&A event with undisclosed financial terms.
Banks Risk Losing $230 Billion in Payments Revenue to Stablecoins, Capgemini Report Warns
Banks risk losing $230 billion in payments revenue as stablecoins, tokenized deposits and central bank digital currencies move from experimentation to commercialization, according to the Capgemini Research Institute's World Payments Report 2027. The report projects these instruments will account for approximately 4% of global payments volume by 2030, eroding high-margin revenue streams such as foreign exchange spreads, correspondent banking, float income and transaction processing fees. Widespread adoption could unlock as much as USD 4 trillion currently trapped in settlement and liquidity accounts, while nearly 60% of corporate clients say they are willing to source stablecoin services from non-bank providers if their banking partners fail to keep pace. Banks identify tokenized deposits as their top near-term priority, yet only 21% of banks, classified as leaders, are actively scaling at least one accelerated intelligent money instrument, while the remaining 79% are still evaluating their position. Jeroen Hölscher, Global Head of Payment Services at Capgemini, said the industry is entering its most significant period of disruption since the emergence of digital banking, and that with $230 billion at stake banks must decide what role they want to play in the emerging ecosystem.
Digital Finance & Tokenization › Stablecoin Issuers & Distribution ▲Demand
Digital Finance & Tokenization › Payments Modernization & Rails ▲Demand
Digital Finance & Tokenization › Stablecoin Issuers ▲Demand
Digital Finance & Tokenization › Distribution & Revenue-Share Partners ▲Demand
CAP.PA · Demand · Positive Capgemini Research Institute's report on stablecoin disruption to bank payments revenue is the subject of the article, showcasing its research offering
Capgemini Study Finds 68% of Executives Prioritize Climate Adaptation as Net Zero Gaps Widen
A new Capgemini Research Institute report finds that 68% of executives now say their organization actively prioritizes climate adaptation, up from 56% in 2025, yet only 15% have fully quantified the financial impact of climate-related disruptions. The fifth edition of A World in Balance: The resilience reset, based on a survey of 2,100 executives at 701 organizations with more than $1 billion in annual revenue across 13 countries, also shows the share of organizations falling behind on net zero goals rising to 11% in 2026 from 1% in 2025, with 29% saying they have postponed their net zero objectives, compared with just 8% last year. Nearly nine in 10 organizations report climate-related supply-chain disruptions, and more than seven in 10 executives say securing access to critical resources such as energy, water and materials now influences sustainability decisions more than emissions-reduction targets. Sustainability spending reached 1.04% of revenue last year, above the 0.8% initially allocated, and 83% of organizations plan to increase climate adaptation spending over the next 12 to 18 months. Cyril Garcia, Global head of Sustainability services and Corporate Responsibility at Capgemini, said climate disruptions have become the new normal and that leaders can no longer defer climate action.
Climate Adaptation & Water › Resilient Buildings & Retrofit ▲Demand
CAP.PA · · Neutral Capgemini's research institute published the survey; it is the report's author, not a company-specific financial or operational development.
Capgemini to sell US government unit to ITC Federal after ICE backlash
Capgemini said on Saturday it had entered into an agreement to sell its US subsidiary, Capgemini Government Solutions, to ITC Federal, a US provider of IT solutions and enterprise services to federal law enforcement, homeland security and defence agencies. The French IT giant put the subsidiary up for sale in February following controversy over a contract to supply US Immigration and Customs Enforcement with a tool designed to identify and locate foreign nationals. Capgemini said the transaction is expected to close in the coming weeks. The subsidiary represented 0.4 percent of the group's global 2025 revenue and less than two percent of its US revenue. Capgemini operates in about 50 countries and is one of France's largest listed companies.
CAP.PA · Capital · Neutral Capgemini is selling its US government unit Capgemini Government Solutions to ITC Federal, a divestiture representing 0.4% of group revenue.
ITC Federal · Capital · Positive ITC Federal is acquiring Capgemini Government Solutions, expanding its federal IT services business.
Capgemini launches thirteenth employee share ownership plan
Capgemini announced the launch of its thirteenth Employee Share Ownership Plan, offered to approximately 97% of its employees. The plan will be implemented through a capital increase reserved for Capgemini employees for a maximum of 3,000,000 shares, equal to 1.77% of outstanding shares, and is intended to maintain employee shareholding at around 8% of Capgemini SE's share capital as the 2021 ESOP reaches its term at the end of the year. The Board of Directors of Capgemini SE, at its meeting of June 10 and 11, 2026, authorized a dedicated share buyback envelope, distinct from the €2 billion multi-year share buyback program announced on July 30, 2025, which could be used within the next 12 months to neutralize all or part of the dilutive effect of the capital increase. The reservation period will run from September 11 to 30, 2026, followed by a subscription and revocation period from November 10 to 13, 2026, with the subscription price set on November 5, 2026, and the capital increase completed on December 17, 2026. Employees may subscribe through leveraged and guaranteed subscription formulas, with hedging transactions handled by Crédit Agricole Corporate and Investment Bank over the course of the plan until December 17, 2031.
CAP.PA · Capital · Positive Capgemini launches its 13th employee share ownership plan with a capital increase and a dedicated buyback envelope to neutralize dilution.
Capgemini and LIMRA Report Finds 42% of Consumers Confused by Life Insurance Policies
A new report from the Capgemini Research Institute and LIMRA finds that 42% of consumers are confused, uncertain, or unconvinced by the life insurance information they encounter, with one in four dropping out of the purchase journey before completion. The World Life Insurance Report 2027, which surveyed more than 6,100 consumers worldwide, identifies overly technical language at 37%, affordability concerns at 35%, and a perceived lack of relevance to life stage at 25% as the top reasons people walk away. While 51% of consumers plan to use generative AI tools to research and compare products, two-thirds still prefer working with a human advisor to finalize coverage, and 85% want advisor interaction at some point in their journey. The report also finds that nearly 40% of policyholders rarely hear from their insurer after purchase, and half of those who discontinue coverage do so within the first three years. Best-in-class insurers, representing only 10% of all carriers, achieved 41% higher revenue growth over the past three years and 12% lower lapse rates than mainstream peers by combining consumer-led strategies with intelligence-powered operations.
Ambarella reported fiscal second-quarter 2027 revenue of $108.1 million, up 13.2% from $95.5 million a year earlier, with record edge-AI revenue driven by growth in automotive and IoT markets and strong demand for its 5-nanometer CV75 and CV72 systems-on-chip. However, GAAP gross margin declined to 57.7% from 58.9%, and non-GAAP gross margin fell to 59.3% from 60.5%, while company-defined non-GAAP net income rose to $8.2 million from $6.4 million, aided by a $9.0 million project-termination credit. The company also signed seven-year agreements with distributor Macnica and engineering firm Capgemini to expand its indirect sales channel, and introduced its first stand-alone AI accelerator, the X7. Third-quarter guidance calls for revenue of $115 million to $124 million and non-GAAP gross margin of 59.0% to 60.0%, suggesting potential stabilization. Despite the growth, Ambarella recorded a GAAP operating loss of $8.1 million and a net loss of $6.7 million, with stock-based compensation of $22.7 million exceeding non-GAAP net income, and the company holds $272.3 million in cash and marketable securities.
Ambarella Engages Capgemini to Accelerate Edge AI Adoption
Ambarella, Inc. and Capgemini announced an engagement to accelerate the development and deployment of Edge and Physical AI solutions across smart infrastructure, retail, logistics, industrial automation, healthcare, and automotive sectors. Under the agreement, Capgemini will provide engineering, systems integration, and industry expertise to help accelerate customer adoption of Ambarella's technologies, focusing on AI processing closer to data generation points such as cameras, vehicles, and robotics. Capgemini will also help establish a dedicated global Edge and Physical AI Center of Excellence to support solution development and deployment readiness. Ambarella's President and CEO, Fermi Wang, emphasized the need for full-stack solutions, while Capgemini's Ray Nath highlighted practical AI deployment. Ambarella has an installed base of over 50 million AI SoC units, and Capgemini reported 2025 global revenues of €22.5 billion.
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Imperial Brands to Cut Thousands of Jobs in US and Europe
British tobacco giant Imperial Brands is reportedly preparing to cut thousands of jobs across key markets including the United States and Europe as part of cost reduction efforts. The first phase of the cuts will target human resources, finance, and procurement and supply chain functions at its subsidiary ITG Brands, which covers the US, the Dominican Republic, and Puerto Rico. The second phase will affect legal, marketing, and insights and intelligence teams at the same subsidiary. Affected employees will be notified in April, with the reductions set to begin mid-year. Some of ITG Brands' operations are expected to be outsourced to strategic partner Capgemini of France by the end of the year. A company spokesperson said in a statement that the changes being made will gradually impact the entire global market, but did not disclose the exact number of people affected. As of the end of 2025, Imperial Brands had approximately 25,800 employees worldwide.
Europe's established tech firms emerge as unexpected AI winners
Europe's largest established technology companies are emerging as unexpected beneficiaries of the AI boom, according to recent earnings. SAP, Capgemini, Sopra Steria, and OVHcloud have all reported stronger demand, faster growth, or upgraded outlooks as large organizations move from experimenting with artificial intelligence to deploying it across their operations. SAP's cloud backlog rose 26% at constant currencies to €22.9 billion, while Capgemini raised its annual growth target after bookings climbed 9.2% and Sopra Steria upgraded its outlook following organic growth acceleration to 5.3%. OVHcloud's public-cloud revenue rose 20.2% in its third quarter, providing early evidence that demand for European-controlled AI infrastructure is translating into commercial growth. The trend reflects the growing complexity of making AI work with existing software, data, and business processes, as well as rising demand for greater control over AI deployment in sectors such as defense, aerospace, and critical infrastructure.
Capgemini raises 2026 revenue growth target to around 8.5% to 9%
Capgemini has upgraded its full-year 2026 constant currency revenue growth target to around 8.5% to 9%, up from a previous range of around 6.5% to 8.5%. The company reported first-half revenues of 12,082 million euros, an 8.8% increase year-on-year, with constant currency growth of 11.3%. Operating margin improved by 10 basis points to 12.5% of revenues, while organic free cash flow stood at 37 million euros. The upgraded outlook reflects strong momentum in North America, the UK, and Asia-Pacific, as well as a return to growth in France, driven by demand for AI-led transformation and the integration of WNS.
Artificial Intelligence › AI Applications & Copilots Demand
CAP.PA · Demand · Positive Capgemini raised its 2026 revenue growth target to ~8.5-9% due to strong demand for AI-led transformation and integration of WNS.
France's CAC 40 index advanced firmly on Wednesday morning, gaining 61.00 points or 0.73% to 8,424.14, even as U.S.-Iran tensions escalated and oil prices surged. Brent crude futures jumped $4.00 or 4.41% to $95.02 after the U.S. military carried out its 11th consecutive night of strikes against Iran and President Trump vowed to bomb Pickaxe Mountain, while Iranian media reported explosions in Bushehr near the nuclear power plant. Airbus rallied nearly 6% after announcing a €5 billion share buyback program over three years and reaffirming its fiscal 2026 outlook of around 870 commercial aircraft deliveries and adjusted EBIT of around 7.5 billion euros. TotalEnergies gained about 2% on higher crude prices, and Engie also rose nearly 2%, while Danone dropped nearly 2% and Capgemini and Dassault Systemes eased by 1.2% and 1.1% respectively. Investors also awaited the European Central Bank's monetary policy announcement on Thursday.
Capgemini named a Market Shaper in Gartner Emerging Market Quadrant for Physical AI Services
Capgemini has been recognized as a Market Shaper in the Gartner Emerging Market Quadrant for Physical AI Services – Established Vendors. The recognition highlights Capgemini's scale, growing autonomy depth, and integration across complex ecosystems. Gartner also named Capgemini the 'Company to Beat' for Physical AI Services, reflecting its simulation-first delivery model, ecosystem-led enterprise integration, and human-in-the-loop autonomy. Alexandre Embry, Head of Capgemini's AI Robotics & Experiences Lab, said the recognitions underscore the company's commitment to helping organizations move from experimentation to enterprise-scale deployment of physical AI. Capgemini reported 2025 global revenues of €22.5 billion.
CAP.PA · Technology · Positive Named a Market Shaper and 'Company to Beat' in Gartner's Physical AI Services quadrant, highlighting its simulation-first delivery model and ecosystem integration.
8 leading companies adopt Wiztrust Blueprint GEO to manage AI visibility
Eight leading companies, including Capgemini, BPCE, Gecina, Malakoff Humanis and Macif, have adopted Wiztrust Blueprint GEO, a solution designed to actively manage their visibility in generative AI responses. The launch comes as Gartner expects PR budgets to double by 2027 with the rise of generative AI. The solution, developed with GetMint, measures the gap between how large language models portray a brand and how the brand wants to be seen, then adjusts PR strategy accordingly. Wiztrust's 2026 study of all 40 CAC 40 newsrooms shows its clients achieve a visibility score of 77.3 out of 100, 31% higher than the market average of 58.8, and 80% of Wiztrust newsrooms are cited as a source by AI. According to Muck Rack's May 2026 study, 84% of AI citations come from the media, underscoring that AI visibility is earned first through media coverage.
CAP.PA · Demand · Positive Capgemini is listed as one of eight leading companies adopting Wiztrust Blueprint GEO, indicating demand for its services.
GFC.PA · Demand · Positive Gecina is listed as one of eight leading companies adopting Wiztrust Blueprint GEO, indicating demand for its services.
Groupe BPCE · Demand · Positive BPCE is listed as one of eight leading companies adopting Wiztrust Blueprint GEO, indicating demand for its services.
Macif · Demand · Positive Macif is listed as one of eight leading companies adopting Wiztrust Blueprint GEO, indicating demand for its services.
Malakoff Humanis · Demand · Positive Malakoff Humanis is listed as one of eight leading companies adopting Wiztrust Blueprint GEO, indicating demand for its services.
AI in fraud management market to reach $37.27 billion by 2030
The global AI in fraud management market is projected to grow from $15.53 billion in 2025 to $18.48 billion in 2026, a compound annual growth rate of 19.1%, and is expected to nearly double to $37.27 billion by 2030. Growth is driven by advancements in machine learning, integration with payment solutions, and the surge in digital transactions, with JPMorgan Chase processing over $10 trillion daily across more than 200 countries. Generative AI innovations are enhancing real-time fraud defense, exemplified by DataVisor's launch of AI Co-Pilot in October 2023, which automates detection and reduces false positives. Strategic acquisitions are also shaping the landscape, such as Capgemini's purchase of Exiger's Financial Crime Compliance division in September 2023 to strengthen financial crime and risk management capabilities. North America leads the market, with significant contributions from Asia-Pacific and Western Europe, while tariff implications are fostering local innovation.
Automation Outsourcing Market to Reach $41.09 Billion by 2030
The global automation outsourcing market is projected to grow from $10.18 billion in 2025 to $41.09 billion by 2030, at a compound annual growth rate of 32.1%. The market is expected to reach $13.48 billion in 2026, driven by demand for operational efficiency, digital transformation, and AI-driven automation. Key players include Accenture, IBM, NTT DATA, Tata Consultancy Services, and Capgemini. North America led the market in 2025, while Asia-Pacific is forecast to be the fastest-growing region. The report covers segments such as robotic process automation, AI and machine learning, and workflow automation across industries including BFSI, telecom, and manufacturing.
Artificial Intelligence › AI Applications & Copilots ▲Demand
Artificial Intelligence › AI Tooling, Data & MLOps ▲Demand
ACN · Demand · Positive Accenture is a key player in the growing automation outsourcing market, projected to reach $41.09B by 2030.
CAP.PA · Demand · Positive Capgemini is a key player in the growing automation outsourcing market, projected to reach $41.09B by 2030.
IBM · Demand · Positive IBM is a key player in the growing automation outsourcing market, projected to reach $41.09B by 2030.
NTT DATA Group Corporation · Demand · Positive NTT DATA is a key player in the growing automation outsourcing market, projected to reach $41.09B by 2030.
Tata Consultancy Services Limited · Demand · Positive Tata Consultancy Services is a key player in the growing automation outsourcing market, projected to reach $41.09B by 2030.
Capgemini and Tour de France launch AI-powered 'Inside My Race' for personalized fan insights
Capgemini and the Tour de France have launched 'Inside My Race', a new digital experience that uses generative AI to deliver personalized, near real-time race insights and storytelling to fans. The platform transforms complex data into contextual narratives, allowing users to follow up to four favorite cyclists or national riders and understand their roles and performance through a 3D map comparison. It combines live race data, historical context, and editorial content to create evolving stories before, during, and after each stage. The solution will be available on all Tour de France platforms starting July 4, 2026, marking the first step in a multi-year partnership to enhance fan engagement. Capgemini, the Official Technology partner, developed the tool to make the race dynamics more accessible to both dedicated followers and newcomers.
Ardian leads investment in French AI chip startup VSORA
French semiconductor company VSORA has strengthened its funding round with an investment led by Ardian, alongside existing shareholder Otium and XAnge. The round also includes NJJ Capital, Capgemini through its ISAI Cap Venture fund, data center operator CloudHQ, and German federal agency SPRIND, with continued support from the European Innovation Council Fund, Omnes Capital, and Critical Path. This interim funding will accelerate commercialization of VSORA's AI inference processor, Jotunn8, which is entering manufacturing after a successful tape-out in 2025. The company is preparing a larger financing round in 2027 to support international expansion.
VSORA · Technology · Positive VSORA receives funding to accelerate commercialization of its Jotunn8 AI inference processor after successful tape-out.
Ardian · Capital · Positive Ardian led the investment round in VSORA, a positive capital deployment.
CloudHQ · Capital · Positive CloudHQ participated in the funding round, showing support for VSORA's AI inference processor.
Otium · Capital · Positive Otium is an existing shareholder; the investment strengthens its position in VSORA.
XAnge · Capital · Positive XAnge is an existing shareholder; the investment supports its portfolio company VSORA.
CAP.PA · Capital · Positive Capgemini's ISAI Cap Venture fund participated in the investment round, indicating strategic interest in AI chip startup VSORA.
AI accelerates electricity demand, prompting a new wave of grid adaptation and investment
The rapid expansion of AI-driven data centers is increasing electricity demand and making it significantly harder to predict, according to a new report from the Capgemini Research Institute. Nearly 80% of utilities expect more extreme and volatile demand patterns, while over three-quarters struggle to forecast future needs accurately. Around one in five data center power requests may never materialize, distorting forecasts and creating a capital allocation dilemma. At the same time, 60% of utilities expect AI to play a growing role in improving grid efficiency, but only 16% have implemented advanced AI-driven approaches. The report also finds that 68% of electricity executives anticipate shortages due to data-center demand outpacing supply, and more than half identify load concentration as a major obstacle to reliable service.
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