Capgemini

French consulting and technology services group, now including WNS

Overview

Capgemini SE reported 2025 revenues of €22,465 million, up 1.7% as reported and 3.4% at constant exchange rates. Fourth-quarter growth reached 10.6%, helped by the consolidation of two acquisitions closed in that quarter, WNS and Cloud4C[7]. The company invested €3.8 billion in acquisitions during the year, mostly for WNS, which significantly expanded its business process services[7]. Headcount at 31 December 2025 was 423,400, up 24% year on year. About two thirds of the workforce (279,200 people) was offshore[7]. North America accounted for 29% of group revenue[7]. The board also announced workforce and skills adaptation initiatives, with restructuring costs of about €700 million expected over two years[7].

Capgemini strengths and limitations

Strengths

  • Large European footprint
  • Acquisitions of WNS and Cloud4C added operations and cloud capacity
  • Strong European coverage plus a sizeable engineering and R&D services business
  • WNS acquisition adds operations and analytics capacity

Limitations

  • Recent large acquisitions are still being integrated
  • No separate managed services revenue disclosure
  • Revenue in its home market of France fell 4.1% in 2025
  • Integrating WNS's 2025 acquisition is still under way

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