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French IT consulting group Capgemini (CAPP. PA) reported higher half-year revenue on Friday, driven by its cloud, data, and artificial intelligence (AI) activities. The company also announced plans to invest 2 billion euros ($2. 19 billion) in AI over the next three years. Capgemini, based in Paris, aims to assist businesses in adopting AI technology through partnerships with Microsoft and Google Cloud. CEO Aiman Ezzat believes that generative AI will play a significant role in the transition towards a digital and sustainable economy.
Revenue for the first half of 2023 stood at 11. 43 billion euros, compared to 10. 69 billion in the previous year. Capgemini maintains its 2023 outlook for revenue growth of 4% to 7% on a constant currency basis. In other news, Dish Network's Boost Infinite unit announced a partnership with Amazon. com to offer postpaid wireless plans through the e-commerce platform in the United States.
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