Capgemini Se Ord

Hello, I'm going to provide you with an update on our first quarter following this morning's announcement. But before I get into the numbers, I would like to say a few words about what we have all been experiencing over the last few months. The COVID-19 pandemic is something that none of us have ever seen before. And I'm very proud of our strong mobilization. We have clearly demonstrated our agility and ability to react quickly and efficiently. And I want to thank and congratulate all our teams across the group for their efforts. our first priority has been to protect our teams. We were some of the fastest in the industry to take immediate measures on safety and in activating our business continuity plans. In less than three weeks, we shifted around 95% of our people all over the world, including India, to remote working. We are proactively engaged with our clients partnering with them to help them face the current situation while preparing the future. Thanks to our quick, strong and efficient reaction, our clients are benefiting from the same level of quality delivery as always. And I'm proud of how we have been able to do this every day in Europe, in India or in the US. We are receiving messages from our clients praising the work of our teams. We have also affirmed our global commitment and solidarity in the fight against COVID-19. Our teams have really pulled together, bringing their expertise in tech, data and e-services to support local authorities and communities. Over 40 initiatives have been put in place. and 250 others have been brought together. This has led to the creation of a social response unit that will support their deployment. And in the context of all of this, we have delivered our first quarter. I am pleased to share that our first quarter revenues at 3 billion 547 million euros are in line with our expectations. We grew 2.3% at constant currency. We are proud of this and considering the context, I would say this performance is a clear sign of the group resilience. This was supported by our success in digital and cloud. up 20% this quarter and now representing more than 50% of our group revenues. Our bookings grew by 0.8%, which we consider a very decent figure given the impact of COVID starting in March. This leads me to another key milestone from Q1, the finalisation of the acquisition of Altran. The global leader in engineering and R&D services. We now control 100% of Altran's capital. This enabled us today to move ahead on integration and implement all the synergies anticipated. We are proud and happy to welcome the 50,000 women and men from Altran and we are now 270,000 people strong with a powerful global footprint in close to 50 countries. Our leadership teams have already begun working together and we are already seeing the start of our promising future. This move will enable us to be a game changer in our industry, making us the leader in intelligent industry. On the basis of what we are seeing today, let's turn to the months ahead. we have adapted to our new reality and we are prepared to take advantage of the market rebound. As a group, we are very active on the sales front and we are leveraging our strong level of client intimacy to partner with clients during this challenging time. We have also developed new offerings related to COVID-19 aimed to help clients accelerate their restart and support their workforce transformation and the evolution of their operating model. And we even see some opportunities with the COVID-19 crisis. as an accelerated in terms of large deals, opportunities with technology at the heart. We are looking to gain market share through vendor consolidation, but also through accelerated growth. Over the last 10 years, the Group has made great strides in increasing its resilience. We benefit from a very strong discipline on cost and cash management. We have increased the agility of our operating model over the past decade, notably from the growth of our offshore platform. We have also diversified our geographic footprint and our sectorial one, while at the same time expanding our portfolio to combine industrialization and innovation-related offerings. And with our new client-centric organization, we have built even more intimacy with our clients and have become a trusted strategic partner. This will all help us navigate through the months ahead. However, As the uncertainties surrounding the development of the health crisis linked to the COVID-19 pandemic remain significant, the Group is not in a position to commit to an outlook for 2020 at this stage. The last weeks have strengthened my conviction in the Group's level of alignment and the strength of our leadership team. Our ability to mobilize our teams and execute fast our resilience and the strong values that embody the group since its foundation. Being a responsible company is part of Capgemini's DNA and we will continue to support COVID-19 initiatives well beyond the current crisis.