Q3 2023 BTS Group AB Earnings Call Transcript
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Good morning, dear BTS investors. This is Jessica Skon. I'm calling in actually from the evening in San Francisco, but wishing you all a very good morning. Sorry to not be there in person. I'm sure I'll be there in person in February. And this is BTS Group Q3 2023 report.
So if I -- at the highest-level summary, our third quarter felt a lot like the second quarter, I would say. We continued to see the customer cautiousness, the conservatism we've been talking about all year, now affecting all of our markets. And despite that, we were -- we kept our revenues flat. We're not happy with this negative 1%. But it means that while some of our customers have [ideals], we were still able to win others and so forth.
If you look at the different markets, North America remained flat in the third quarter. We saw a decline in Europe of negative 4% in terms of revenue. They also started to have their second quarter of experiencing this cautiousness and more client project delays and so forth. And one
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