Capgemini — Cloud and AI Capability Investment Drives Record Revenue Growth to €22 Billion
Capgemini SE, a Large Enterprise IT Services & Consulting company, achieved measurable value creation through Talent and Capability. Revenue growth: Capgemini revenue reached €21,995M in FY2022 — up 21.
| Company | Capgemini SE |
| Industry | IT Services & Consulting |
| Company Size | Large Enterprise |
| Primary Lever | Talent and Capability |
| Key Result | Revenue growth: Capgemini revenue reached €21,995M in FY2022 — up 21 |
Capgemini is a global IT services and consulting firm headquartered in Paris, serving clients across Europe, North America, and Asia-Pacific. By 2019-2020, the IT services industry was undergoing a structural shift: clients were moving from maintenance-heavy legacy IT contracts (ERP support, infrastructure management, application maintenance) toward cloud migration, AI deployment, and digital transformation programs. These newer engagements required fundamentally different skills — cloud architecture, DevOps, machine learning engineering, data science — than traditional IT services. Capgemini's legacy workforce, while technically skilled, was weighted toward legacy technologies (SAP, Java, legacy infrastructure), and the company lacked sufficient certified cloud practitioners and AI engineers to pursue the growing pipeline of cloud and data transformation mandates. Revenue was approximately €13.1B in 2019, and the company recognized that winning in the next cycle of IT spending required rapidly building capabilities that didn't yet exist at scale in its workforce.
Capgemini pursued a dual approach to building cloud and AI capabilities: aggressive workforce reskilling and targeted acquisition:
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