Capgemini (Euronext:CAP) Q1 2023 Earnings Call

0:00 Hello, it's my pleasure to share with you today our Q1 2023 revenues. Capgemini has delivered a very good start to the year, above expectations. First of all, I would like to thank all our team members for their great contribution to this achievement. Group revenues reached €5,729,000,000 in Q1, up 10.7% at constant currency rates. This robust growth demonstrates the agility and resilience of our model in an economic environment that remains tense. It also reflects the relevance of our strategy and positioning on the market. We continue to reinforce our role as a strategic partner for our clients' business and technology transformations, along their entire value chain. This performance was mainly driven by the strengths of our high value added service offerings.

0:56 I'm thinking in particular the areas of intelligent industry and customer first. Headline trends from this quarter include most of the group's regions, continuing to grow by double digits at constant currency rates, with standout performances across Europe, where the UK and Ireland grew by 13.9%, the rest of Europe grew by 13.8%, and France delivered a 12.4% growth. In Q1, all group business lines reported growth rates of close to or above 10% at constant currency rates, notably in strategy and transformation services, which delivered growth of 15.6%. We continue to invest in upskilling our people and enhancing our portfolio of offers.

1:44 And we are expanding our capabilities in technologies and in industries to respond to our clients' business needs as they transition to a digital and sustainable economy. This quarter, we have accelerated our sustainability training programme globally on key topics such as net zero strategies, clean tech, circular economy and biodiversity. We are also exploring the most relevant use cases in artificial intelligence, notably through our new generative AI lab. To conclude, this strong first quarter reinforces our confidence in our growth prospects for the year. We confirm all our financial objectives for 2023 with the growth which should now reach or exceed the midpoint of the targeted range.

2:32 Thank you for your time today.