Capgemini Se Ord (CAPMF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to Capgemini H1 2025 results webcast and conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you need to press star 1 and 1 on your telephone. You will then hear an automatic message advising you on this race. To withdraw your question, please press star 1 and 1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Mr. Ayman Azad, CEO. Sir, please go ahead. Thank you. Good morning, and thank you for joining us for this H1 2025 results call. I'll be joined today by our CFO, Nivi Bhagat. Our performance continues to improve through the first half of the year and due to slightly exceeded expectations. In a volatile economic environment and persistent leaks of demand, we have demonstrated the strong resilience and adaptability in navigating these challenging conditions. We see the benefits of the action announced in Q3 2024. The revenue growth rate gradually improved quarter after quarter, and the group returned to positive constant currency growth in Q2 at plus 0.7% year on year. For H1 2025, revenue reached 11,107,000,000 euros, up 0.2% year-on-year. Bookings totaled 11,993,000,000 euros over the period, plus 2.1% year-on-year. The commercial momentum is solid, with a book to bid of 1.08, despite client decision cycles that remain lengthy in this environment. The operating margin amounts to €1,377,000,000, or 12.4% of revenues, so stable year-on-year. In a challenging environment, the performance in H1 demonstrates the resilience of the group's operating model and the improvement of our operational effic...