Capgemini Posts Strong FY23 Results

Capgemini SE released strong financial results for 2023, performing impressively in a challenging economic climate and meeting or exceeding its fiscal targets for the year.

The firm's revenues for the fiscal year 2023 reached 22.5 billion Euros, marking a 2.4% increase from the previous year's figure of 21.9 billion Euros. The constant currency growth hit 4.4%, aligning perfectly with the company's targeted growth range of 4% to 7% for the year 2023.

The year 2023 also saw Capgemini SE's net profit rise to 1.663 billion Euros from 1.547 billion Euros recorded in 2022. The normalized earnings per share witnessed a bump up to 12.44 Euros from the previous year's rate of 11.52 Euros.

The total bookings for the year amounted to 23.887 billion Euros, a year-on-year increase of 2.6% at constant exchange rates. This represents a book-to-bill ratio of 1.06 for the year and 1.18 for the fourth quarter.

On December 31, 2023, Capgemini's total holdings in cash, cash equivalents, and cash management assets stood at 3.7 billion Euros. After deducting borrowings of 5.7 billion Euros and considering derivative instruments, the group's net debt settled at 2.0 billion Euros, displaying a reduction from the value of 2.6 billion Euros recorded at the end of 2022.