Full Year 2024 Capgemini SE Earnings Call Transcript

Feb 18, 2025

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Feb 18, 2025 / 07:00AM GMT
Operator

Good day and thank you for standing by. Welcome to the Capgemini 2024 full year results webcast and conference call. (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 - Capgemini SE - Chief Executive Officer, Member of the Management Board, Member of the Executive Board, Director

Thank you. Good morning and thank you for joining us for the 2024 full year results call, and I'm joined today by our CFO, Nive Bhagat.

In 2024, the market proved weaker than we anticipated at the beginning of the year. Clients did not increase their discretionary spend. And as we discussed before, Capgemini faced some unexpectedly strong headwinds in the second half, notably in manufacturing and in France. In this challenging environment, the group demonstrated a strong resilience of the operating model while sustaining investment in cloud, in gen AI and AI, in digital core and intelligence industry notably. And we

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