(Reuters) – French IT consulting group Capgemini lowered its full-year revenue target after reporting lower third-quarter sales on Wednesday.
It now expects its revenue to decline 2% to 2.4% on a constant currency basis, compared with its previous forecast of a decline of 0.5% to 1.5%.
The company’s quarterly revenue fell 1.6% at constant exchange rates to 5.38 billion euros ($5.82 billion) on stronger-than-expected problems in some sectors, especially manufacturing.
($1 = 0.9244 euros)
