Full Year 2019 Capgemini SE Earnings Call Transcript

Feb 13, 2020 / 07:00AM GMT
Paul Benjamin Hermelin - Capgemini SE - Chairman, CEO & Member of the Executive Board

Good morning, everyone. I'm delighted to welcome you here today for my -- actually, my last full year results as CEO of Capgemini.

As everybody knows, Aiman Ezzat will take the reins in May. Unfortunately, he is ill today, and we expect to see back him back in a few days. For this last time, I will present the materials we have prepared together and share with you the group guidance for 2020. I will be joined nevertheless by Rosemary Stark, our Chief Sales Officer; and Carole Ferrand, our Chief Financial Officer.

A strong set of results. 2019 was another very solid year for the group in a more challenging and economic environment. Our revenue is growing by 5.3% in constant currency. We all knew about some slowdown to happen in the fourth quarter, we end up with 2.9% growth in Q4. We faced headwinds in North America and in Financial Service, which were stronger than what we expected. We continue to grow by more than 20% in Digital and Cloud. The shift to the new portfolio, we initiated a few years

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