The French-based IT firm, Capgemini has announced that it plans to invest 2 billion euros in the development of AI. The announcement was made after the Q2 results of the company. AI has become an important part of the world and many believe that AI is the future. Due to this, many companies from around the world are investing in the development of AI to include it in their work operations.
The CEO of Capgemini, Aiman Ezzat said, “The company will invest 2 billion euros to earn a leadership position in the technology and apply it in work operations responsibly, reliably and sustainably.”
This also affects India as the company has a strong presence in the country. It employs more than 180,000 employees from 13 cities in India. On top of that, the company has started building a 500-seater office in Gujarat International Finance Tec City or GIFT City and modernised infrastructure in Talwade campus, Pune.
Capgemini does a majority of its business and innovation in India. Capgemini has set up a 5G lab in Mumbai to refine the technology and provide it to more and more people. Moreover, the company recently announced that it will also set up a 6G lab in Gurugram. The focus of the lab will be to build advanced testbeds, energy-saving solutions, and simulators while exploring the uses of the next generations of wireless networks.
This announcement was a reply to similar announcements made by other IT firms like Accenture and Wipro. Recently, Accenture announced that it will be investing $3 billion in AI development in the next three years. This announcement was closely followed by Wipro. The company announced that Wipro will invest $1 billion in AI capabilities in the next three years.
Capgemini Financial Reports
As we mentioned before, this announcement came after Capgemini revealed its financials for the first half of 2023. So let’s have a look at the first half financials of Capgemini. So, according to the details, Capgemini’s revenue in Q2 of FY2023-24 was 5.69 billion euros. In total, Capgemini reported a revenue of over 11.42 billion euros in the first half of the fiscal year which was a 7.3% organic growth as compared to the previous year’s H1 (half 1). This is the 2nd year that Capgemini has shown promising growth in its financial reports.
What Does It Mean For Capgemini’s Investors?
For investors, this is a good opportunity to invest in the company. Many companies all around the world are investing in AI, generative AI to be more precise. As we all believe that AI is definitely the future, this investment in AI future-proof Capgemini and makes it a good option to invest in. Above all, the company’s financial reports show that the company is on an upward trajectory. This is very promising for investors as Capgemini is not a public company meaning, it’s not listed on any stock exchange in India. The only way you can buy Capgemini shares is through an unlisted share broking platform. In the unlisted share market, the prices of shares generally depend on the financial performance of the company. As we can see the company has good financials, so it’s likely that the Capgemini share price can go up.
Should You Buy Capgemini Unlisted Shares?
Saying that you should or shouldn’t buy Capgemini unlisted shares is not that easy. There are a multitude of factors that play a role when deciding whether a company is worth investing or not. In the case of Capgemini, it is seen that the finances of the company have been quite good in the past few years making it a very good choice for investors. Before investing in any company a person would go through the financial reports of the company he/she is planning to invest in.
Financial metrics like revenue, PAT (Profit After Tax), EBITDA (earnings before interest, taxes, depreciation, and amortisation) and EPS (Earnings Per Share), paint a good picture of the company and allow you to evaluate whether you should invest or not.
On top of that, the company’s investment in the development of AI will ensure that the company remains relevant for a long time.
Another important thing to keep in mind while buying Capgemini unlisted shares is to buy them through a certified trading platform. Also, if you have trouble finding the financial reports of the company, you should visit Stockify. Here you can find all the necessary financial reports to evaluate the company and make an informed decision because the share prices of Capgemini rely on its financial performance in recent years. Moreover, Stockify also provides you with a trusted and certified trading platform through which you can buy and sell shares easily and safely. Visit today!