Capgemini Se Ord (CAPMF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Capgemini full year 2025 results webcast and conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. 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 have a conversation with your first speaker today. Ayman Ezzat, CEO. Sir, please go ahead. Thank you. Good morning. Thank you for joining us for the full year 2025 results call. And I'm joined, of course, by our CFO, Nivi Bhagat. So Capgemini delivered a solid set of results for 2025. Operating margin and organic free cash flow were on target and revenue growth finished above the upgraded guidance. In a demand environment that remains largely unchanged, our underlying performance transcends quarter after quarter, with momentum improving across regions, businesses, and sectors. We won where clients invest in cloud, data and AI, and digital business process services. We captured where it matters most to clients, the large transformation programs. For the year, revenues were 22.46 billion euros, representing 3.4% growth at constant currency, with around 2.5 points of scope impact. Bookings were 24.36 billion, which represents a solid 1.08 book-to-bill for the year and a strong 1.21 in Q4, which is really an evidence of sustained commercial traction driven by a higher number of large deals. We demonstrated the strong resilience of our operating margin at 13.3%, and organic free cash flow at 1.95 billion in spite of cost press...