(News Bulletin 247) – The American consulting and digital services group delivered its first quarter results and increased its growth target for the current financial year. Which brings Capgemini, seen as a comparable of the American-Irish company.

Within a CAC 40 in difficulty (-1.3% at the end of the session), Capgemini is surviving. The digital services company rose 1.9% around 5:20 p.m., and recorded the largest increase in the Parisian index. Its action took off particularly early in the afternoon, after Accenture revealed its quarterly results.

However, Capgemini is considered a direct comparable to Accenture, with analysts often highlighting the stock market discount suffered by the French group compared to its American rival. Accenture delivered revenue above expectations for the first quarter of its 2024-2025 financial year.

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Revenues above expectations for Accenture

Its turnover increased by 8% year-on-year to $17.7 billion, excluding currency effects, while its earnings per share increased by 16% to $3.59. However, the company, in its forecasts, expected revenues of between $16.85 billion and $17.45 billion.

Accenture has therefore raised its growth outlook for its entire 2024-2025 financial year. The company expects revenue growth of between 4% and 7% excluding currency effects, compared to a range of 3% to 6% previously. On Wall Street, Accenture shares climbed 6.8% at the start of the session.

The market carries out a positive cross-reading for Capgemini, that is to say that investors dissect Accenture’s results and deduce positive repercussions for other companies in the same compartment, such as the French group.

Towards a return to growth in the second part of 2025?

In a note published at the end of November, Bank of America confirmed its purchase advice on Capgemini.

“We view the stock’s risk/reward ratio as particularly attractive following recent underperformance, with the stock trading approximately 20% below historical valuation levels,” the bank wrote.

If Bank of America expects the company’s revenues to remain negative next year (-0.4% on a comparable basis), it believes that the group should return to growth from the third quarter. 2025.