CAPMF - Capgemini SE (CAPMF) Q1 2024 Earnings Call Transcript
2024-04-30 14:51:07 ET
Capgemini SE (CAPMF)
Q1 2024 Earnings Conference Call
April 30, 2024, 02:00 AM ET
Company Participants
Aiman Ezzat - CEO
Nivedita Bhagat - CFO
Conference Call Participants
Mohammed Moawalla - Goldman Sachs
Sven Merkt - Barclays
Frederic Boulan - Bank of America
Toby Ogg - JPMorgan
Laurent Daure - Kepler Cheuvreux
Charles Brennan - Jefferies
Balajee Tirupati - Citi
Michael Briest - UBS
Ben Castillo-Bernaus - BNP Paribas
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Capgemini Q1 2024 Revenue's Webcast and Conference Call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Aiman Ezzat, CEO. Sir, please go ahead.
Aiman Ezzat
Thank you. Good morning. Thank you for joining us for this Q1 revenue call. So I'm joined today by Nive Bhagat, our CFO; and Olivier Sevillia, our COO.
So the first quarter came in-line with our expectations. We continue to see Q1 as the low point for growth this year. At EUR 5.5 billion, our Q1 revenue is consistent with traditional seasonality and brings the year-on-year revenue growth to minus 3.3% at constant currency. As anticipated, the market remained soft, but stable in the first quarter.
Bookings totaled EUR 5.65 billion, so leading to a healthy book-to-bill for Q1 of 1.02. If I look now perspective by geography, sector and business, from a geographic perspective, Europe continues to demonstrate more resilient, recording a slight drop in growth as expected, with minus 3.2%, for example, in the UK. and Ireland, minus 2.8% in France and almost stable in the Rest of Europe....
Capgemini SE (CAPMF) Q1 2024 Earnings Call Transcript