Technology
European shares ease as AI-driven tech selloff deepens
By Jenna Larson
Capgemini raises 2026 guidance as AI push brings work to IT consultants
Jenna Larson
Jenna Larson
Bureau Chief · Fargo, ND
Jenna Larson has been reporting on the Fargo region for over 15 years. She graduated from North Dakota State University and began her career at The Forum of Fargo-Moorhead before joining the Bison Current network. Jenna's focus is on community events, local initiatives, and the stories that make Fargo unique.
More from Jenna →Bureau Chief · Friday, October 30, 2026 at 7:13 AM · 1 min read
Oct 30 (Reuters) French IT consulting firm Capgemini raised its 2026 guidance for the second time this year after its third-quarter revenue grew 12%, in the strongest signal yet that the rush to deploy AI is turning into contracts for Europe s established consultancies. Capgemini CEO Aiman Ezzat said on Friday that third-quarter growth beat analyst expectations and outpaced the sector, with demand now concentrated in overhauling clients data systems to adapt their business to AI. • Capgemini targets 2026 revenue growth of 9.0% to 9.5% at constant exchange rates, up from 8.5% to 9.0% previously • Third-quarter revenue rose to €6.07 billion ($6.78 billion), while bookings increased 3.4% to €5.40 billion • Growth was strongest in Britain and Ireland at 25.2% and North America at 18.3%; France grew 4.9% in a second straight quarterly increase • It targets growth of 3% to 4% in the fourth quarter, reflecting earlier acquisitions entering the comparison base rather tha
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