Capgemini Se Ord (CAPMF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.419 -- 00:00:06.446 Good morning and thank you for joining us for this Q1 2025 revenue call. 00:00:06.446 -- 00:00:10.551 I'll be joined today by our CFO, Nivi Bagat. 00:00:10.551 -- 00:00:15.677 So in Q1, the group delivered a performance slightly better than our initial expectation. 00:00:15.677 -- 00:00:21.444 This comes despite the macro and geopolitical environment that remains challenging. 00:00:21.444 -- 00:00:24.906 The group generated revenues of $5,553,000,000 00:00:25.329 -- 00:00:30.864 representing a year-on-year revenue decline limited to minus 0.4% 00:00:30.864 -- 00:00:33.727 at constant exchange rate, 00:00:33.727 -- 00:00:38.153 which represents a 70 bps improvement on the Q4 rate. 00:00:38.153 -- 00:00:42.538 The contribution from M&A in the quarter is around 1 point. 00:00:42.538 -- 00:00:48.162 Bookings were up 2.8% at constant exchange rate and reached 5,884,000,000, 00:00:49.386 -- 00:00:54.850 which represents a strong book to build for a Q1 of 1.06. 00:00:55.583 -- 00:01:00.189 Looking at the trends we observed in this first quarter, they are consistent with our 00:01:00.189 -- 00:01:01.691 anticipation. 00:01:01.691 -- 00:01:05.997 From a sector perspective, manufacturing remained weak, 00:01:05.997 -- 00:01:11.104 with growth rates similar to Q4, and therefore continue to weigh on the group growth. 00:01:11.104 -- 00:01:16.671 Financial services and public sector on the other side maintained a good momentum, 00:01:16.671 -- 00:01:18.814 enjoyed in Q4. 00:01:18.814 -- 00:01:23.981 The improvement compared to Q4 primarily came from the energy, utilities, 00:01:23.981 -- 00:01:26.836 TMT, and services sector. 00:01:26.836 -- 00:01:32.164 Now, from a geo perspective, North America is back to slight growth in Q1 00:01:32.164 -- 0...