As expected, the Q3 23 showed a further growth slowdown. Organic revenue was up by +2%. North America was still the weakest geographic area with lower revenue at constant currency (-4%) due to customer investments reduced in the TMT sector and financial services. Inversely, the Europe and the rest of world regions saw growth. In Q4 23, revenue should be in the range -1.5%/+0.5% at constant currency. Regarding the operating margin, the high-end of the guidance (13.2% of revenue) is now expected.

07 Nov 2023
Revenue slowdown, high range of operating margin expected in 2023

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Revenue slowdown, high range of operating margin expected in 2023
- Published:
07 Nov 2023 -
Author:
Hélène Coumes -
Pages:
3 -
As expected, the Q3 23 showed a further growth slowdown. Organic revenue was up by +2%. North America was still the weakest geographic area with lower revenue at constant currency (-4%) due to customer investments reduced in the TMT sector and financial services. Inversely, the Europe and the rest of world regions saw growth. In Q4 23, revenue should be in the range -1.5%/+0.5% at constant currency. Regarding the operating margin, the high-end of the guidance (13.2% of revenue) is now expected.