Capgemini SE announced that it will incur restructuring costs of approximately €700 million over the next two years as part of its strategy to adapt its workforce to the growing demand for artificial intelligence services. Most of these costs will be concentrated in 2026 and will include specific initiatives in each country to align employee skills with the rapid technological transformation driven by AI, as detailed in the company's annual report. CEO Aiman Ezzat emphasized that the group is focused on leading the adoption of artificial intelligence in businesses. In 2025, Capgemini reported revenues of €22.5 billion, a 1.7% increase from the previous year and a 3.4% increase at constant exchange rates, exceeding October forecasts. The fourth quarter saw a notable growth of 10.6% at constant rates, driven by AI demand and recent acquisitions. Generative and agentic AI accounted for more than 10% of the group's orders in the last quarter and over 8% for the entire year. Total orders reached €24.4 billion, with a hiring-to-revenue ratio of 1.08. Net debt rose to €5.3 billion, up from €2.1 billion the previous year, primarily due to €3.8 billion invested in acquisitions, notably the purchase of India's WNS. In September, Capgemini issued bonds worth €4 billion and redeemed one of €800 million in June. The operating margin remained at 13.3% of revenues (€2.98 billion), within the company's target. Net profit attributable to shareholders fell by 4.2% to €1.6 billion. Basic earnings per share decreased by 3.7% to €9.46, while normalized earnings per share rose by 5.8% to €12.95. Organic free cash flow remained stable at €1.95 billion, meeting the company's target. The workforce ended the year with 423,400 employees, a 24% increase from the previous year, mainly due to the integration of WNS. Offshore staff grew by 42% to 279,200 employees, representing 66% of the total. By region, revenues in North America grew by 7.3% at constant rates, the UK and Ireland by 10.5%, while France declined by 4.1% and the rest of Europe fell by 0.7%. Asia-Pacific and Latin America increased by 13.8%. For 2026, Capgemini forecasts revenue growth of 6.5% to 8.5% at constant rates, with acquisitions contributing between 4.5 and 5 percentage points. The estimated operating margin will be between 13.6% and 13.8%, and organic free cash flow is expected to be between €1.8 billion and €1.9 billion, considering a €200 million increase in cash outflows for restructuring compared to 2025. The board proposed a dividend of €3.40 per share, the same as the previous year, representing 35% of net profit. Source: es.investing.com