On April 29, 2025, Paris-based IT giant Capgemini announced its Q1 FY25 results for the quarter ending March, reporting stable revenues and continued focus on transformation-driven services.
Financial Performance
Capgemini reported Q1 FY25 revenues of €5,553 million, reflecting a modest increase of +0.5% from the previous quarter, €5,527 million in Q4FY24.
This represents a +0.7 points improvement on the year-on-year growth rate reported in Q4 2024, primarily driven by the North America and United Kingdom and Ireland regions.
Bookings totaled €5,884 million in Q1 2025, up +2.8% year-on-year at constant exchange rates. The book-to-bill ratio stands at 1.06, above the historical average for the period.
Despite ongoing macroeconomic and geopolitical challenges, Capgemini delivered results slightly better than expected.
Aiman Ezzat, Chief Executive Officer of the Capgemini Group, said, “We delivered a Q1 slightly better than our expectations in a macro and geopolitical environment that remains challenging. Clients continue to focus on transformation programs aimed at improving the agility, cost, and efficiency of their operations.”
Headcount
As of March 31, 2025, Capgemini’s total headcount reached 342,700—an increase of +1.6% year-on-year and +0.5% compared to December 31, 2024 (341,100).
Offshore headcount grew by +3.9% to 199,400, making up 58% of the workforce. Onshore headcount, on the other hand, declined by -1.4% to 143,300.
This shift reflects the Group’s focus on operational scalability and cost optimization through offshore expansion.
Attrition
The attrition rate for Q1 FY25 stood at 16%, a slight increase from 15.7% in Q4 FY24. And in Q1 FY24, Capgemini’s attrition rate was 15.7%.
While slightly higher, attrition remains within manageable limits and aligns with industry trends amid evolving market dynamics.
Conclusion
Capgemini’s Q1 FY25 results show its resilience and strategic alignment with client needs, focusing on transformation and digital enablement while maintaining a stable workforce structure.
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