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1、INTERIM FINANCIAL REPORTCONSOLIDATED FINANCIAL STATEMENTSCONTENTSFinancial highlights .3Statutory auditors report on the 2024 half-yearly financial information .4Interim financial review .5Condensed interim consolidated financial statements for the half-year ended June 30,2024 .9Declaration by the p
2、erson responsible for the interim financial report .28CAPGEMINIJune 30,20242Financial highlightsCONSOLIDATED FINANCIAL STATEMENTS(in millions of euros)First-half 2020*First-half 2021First-half 2022First-half 2023First-half 2024Revenues7,5818,71110,68811,42611,138Operating expenses(6,763)(7,669)(9,38
3、7)(10,013)(9,754)Operating margin*8181,0421,3011,4131,384%of revenues 10.8%12.0%12.2%12.4%12.4%Operating profit5778121,0681,1511,147%of revenues 7.6%9.3%10.0%10.1%10.3%Profit for the period attributable to owners of the Company311443667809835%of revenues 4.1%5.2%6.3%7.1%7.5%Earnings per shareAverage
4、 number of shares outstanding during the period167,646,025168,453,627170,561,706171,947,414170,981,563Basic earnings per share(in euros)1.862.633.914.704.88Normalized earnings per share*(in euros)2.803.584.875.805.88Goodwill at June 3010,31610,09611,08710,95511,357Equity attributable to owners of th
5、e company at June 305,9226,6818,93810,06310,843(Net debt)/Net cash and cash equivalents*at June 30(6,008)(4,826)(4,094)(3,244)(2,775)Organic free cash flow*at June 30106429193(53)163Average number of employees239,086276,700339,635355,667337,848Number of employees at June 30265,073289,501352,148349,4
6、69336,923*Operating margin,normalized earnings per share,net debt/net cash and cash equivalents and organic free cash flow,alternative performance measures monitored by the Group,are defined in Note 3-Alternative performance measures,to the consolidated interim financial statements for the half-year
7、 ended June 30,2024.*First-half 2020 data reflects the consolidation of Altran from April 1,2020.CAPGEMINIJune 30,20243Statutory auditors report on the 2024 half-yearly financial informationStatutory auditors report on the half-yearly financial information(For the period from January 1,2024 to June
8、30,2024)To the ShareholdersCAPGEMINI SE11 rue de Tilsitt75017 ParisIn compliance with the assignment entrusted to us by Annual General Meeting and in accordance with the requirements of article L.451-1-2 III of the French Monetary and Financial Code(“Code montaire et financier”),we hereby report to
9、you on:the review of the accompanying condensed half-year consolidated financial statements of Capgemini SE,for the period from January 1,2024 to June 30,2024;the verification of the information presented in the half-year management report.These condensed half-year consolidated financial statements
10、are the responsibility of the Board of Directors.Our role is to express a conclusion on these financial statements based on our review.I-Conclusion on the financial statementsWe conducted our review in accordance with professional standards applicable in France.A review of interim financial informat
11、ion consists of making inquiries,primarily of persons responsible for financial and accounting matters,and applying analytical and other review procedures.A review is substantially less in scope than an audit conducted in accordance with professional standards applicable in France and consequently d
12、oes not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.Accordingly,we do not express an audit opinion.Based on our review,nothing has come to our attention that causes us to believe that the accompanying condensed half-year co
13、nsolidated financial statements are not prepared,in all material respects,in accordance with IAS 34-standard of the IFRSs as adopted by the European Union applicable to interim financial information.II-Specific verificationWe have also verified the information presented in the half-year management r
14、eport on the condensed half-year consolidated financial statements subject to our review.We have no matters to report as to its fair presentation and consistency with the condensed half-year consolidated financial statements.French original signed byNeuilly-sur-Seine and Courbevoie,July 30,2024The S
15、tatutory AuditorsPricewaterhouseCoopers AuditFORVIS MAZARSItto El HaririRomain DumontAnne-Laure RousselouEmilie LoralCAPGEMINIJune 30,20244Interim financial reviewIn an economic environment which remained soft,Capgemini demonstrated in the first half of 2024 the strength of its positioning,as illust
16、rated by the performance of the Strategy&Transformation business,and the resilience of its operating model.Clients remained focused on driving efficiency through cost transformation programs.Demand for non-strategic and discretionary deals remained soft.In that context,the Groups most innovative ser
17、vices in Cloud,Data&AI(Artificial Intelligence)and Intelligent Industry continued to enjoy a solid traction.As anticipated,after having passed the trough in the first quarter,with a-3.3%revenue contraction at constant currency,revenue growth rates improved in the second quarter in all businesses and
18、 almost all regions and sectors,as the demand environment is starting slowly to improve.Q2 revenues contraction was limited to-1.9%at constant currency,with a visible improvement of the North America region which had declined the most in Q1.Overall,revenue came down in the first half of the year,as
19、anticipated,by-2.6%at constant currency.With the improvement of its mix of offerings toward more value-added services,the Group was able to maintain its operating margin and improve its cash flow generation compared with the first half of 2023.FINANCIAL PERFORMANCECapgemini generated revenues of 11,
20、138 million in H1 2024,down-2.5%year-on-year on a reported basis and-2.6%at constant exchange rates.On an organic basis(i.e.,restated for changes in Group scope and exchange rates),revenues contracted by-3.0%.Bookings totaled 11,793 million in the first half of 2024,down-1.7%at constant exchange rat
21、es,leading to a book-to-bill ratio of 1.06 for the period.Booking trends also improved in Q2:at 6,138 million,Q2 bookings were stable year-on-year at constant currency and the book-to-bill ratio reached 1.09,which is above historical average and reflects ongoing robust commercial momentum.The contin
22、ued shift in Capgeminis mix of offerings towards more innovative and value-added services more than compensated for the inflation impact,illustrating the resilience of the Groups operating model.The 50-basis point increase in gross margin to 26.7%has offset the investment in selling efforts to fuel
23、future growth.Selling expenses reached 824 million in H1 2024 or 7.4%of revenues,compared with 7.0%in H1 last year,while general and administrative expenses totaled 766 million or 6.9%of revenues,compared with 6.8%in H1 2023.Consequently,operating expenses totaled 9,754 million in H1 2024 compared w
24、ith 10,013 million in H1 2023,and the operating margin amounted to 1,384 million or 12.4%of revenues,a stable%year-on-year.Looking at operating costs by nature,as a%of Group revenues,personnel costs increased from 69.7%in H1 2023 to 70.1%in H1 2024,fully offset by a decrease in most of other categor
25、ies of costs.Other operating income and expenses represent a net expense of 237 million,down by 25 million year-on-year.This decrease is mainly attributable to lower restructuring charges(53 million in H1 2024 compared with 68 million in H1 last year).Consequently,the operating profit amounts to 1,1
26、47 million,almost flat year-on-year in value and up+20 basis points in%of Group revenues,to 10.3%.Net financial result is an income of 20 million compared with a 22 million expense in H1 2023,reflecting mainly higher interest income.The income tax expense is 326 million,up by 13 million.The effectiv
27、e tax rate is 28.0%in H1 2024,compared with 27.8%for the same period last year.Taking into account the share of profits of associates and joint-ventures as well as non-controlling interests,for an aggregate amount of-6 million,the Group share in net profit for H1 2024 is up+3%year-on-year at 835 mil
28、lion.Basic earnings per share increased by+4%year-on-year to 4.88.Normalized earnings per share stands at 5.88,compared with 5.80 in H1 2023.Group cash from operations decreased to 1,560 million in H1 2024 from 1,658 million in H1 2023,mainly driven by lower Group revenues over the period.Income tax
29、 paid decreased by 86 million to 101 million.The change in operating working capital requirement also decreased,from 1,227 million in H1 2023 to 1,003 million in H1 2024.Consequently,net cash from operating activities increased to 456 million,compared with 244 million in H1 last year.Capital expendi
30、ture(net of disposals)totaled 135 million or 1.2%of revenues,compared with 1.1%in H12023.Taking into account interest paid and received as well as lease debt repayment,organic free cash flow generation amounted to 163million in H1 2024,compared with-53 million for the same period last year.Capgemini
31、 announced or closed four acquisitions since the beginning of the year.Total cash outflow for acquisitions amounted to 30 million in H1.The Group also paid dividends of 580 million(3.40 per share)and allocated 325 million(net)to share buybacks.HEADCOUNTThe Groups total headcount stands at 336,900 as
32、 at June 30,2024,down-4%year-on-year and virtually stable since the end of March.The offshore workforce stands at 192,500 employees or 57%of the total headcount.CAPGEMINIJune 30,20245OPERATION BY REGIONRevenues Year-on-year growthOperating margin rateH1 2024(in millions of euros)ReportedAt constant
33、exchange ratesH1 2023H1 2024North America3,108-5.5%-5.4%15.2%15.5%United Kingdom and Ireland1,380-0.4%-2.8%18.4%20.5%France2,245-2.7%-2.7%11.1%9.1%Rest of Europe3,470-0.1%-0.1%10.5%11.1%Asia-Pacific and Latin America935-3.7%-1.6%10.2%10.5%TOTAL11,138-2.5%-2.6%12.4%12.4%At constant exchange rates,rev
34、enues in the North America region(28%of Group revenues in H1 2024)decreased by-5.4%year-on-year.The Financial Services,TMT(Telecoms,Media and Technology)and Consumer Goods&Retail sectors contributed the most to this decline,partly offset by growth in the Manufacturing sector.Operating margin increas
35、ed to 15.5%,compared with 15.2%in H1 last year.Revenues in the United Kingdom and Ireland region(12%of Group revenues)declined by-2.8%,mostly driven by the Financial Services and Consumer Goods&Retail sectors.Conversely,the Energy&Utilities and Services sectors enjoyed a solid growth.Operating margi
36、n rose from 18.4%to 20.5%.Activity in France(20%of Group revenues)was down-2.7%.Solid momentum in the Public Sector was more than offset by visible softness in the TMT,Manufacturing and Financial Services sectors.Operating margin decreased from 11.1%in H1 2023 to 9.1%.Revenues in the Rest of Europe
37、region(31%of Group revenues)were virtually stable at-0.1%.The underlying sector performance proved quite contrasted,with a strong momentum in the Energy&Utilities and Public Sectors offset by a visible contraction of the TMT sector.Operating margin increased to 11.1%,compared with 10.5%in H1 last ye
38、ar.Finally,revenues in the Asia-Pacific and Latin America region(9%of Group revenues)were down-1.6%.This contraction was mainly driven by the decline of the Financial Services sector,partly offset by the Consumer Goods&Retail and Public Sectors which proved quite dynamic over the period.The region r
39、eported an operating margin of 10.5%,up from 10.2%in H1 2023.OPERATIONS BY BUSINESSWhen determining activity trends by business and in accordance with internal operating performance measures,growth at constant exchange rates is calculated based on total revenues,i.e.,before elimination of inter-busi
40、ness billing.The Group considers this to be more representative of activity levels by business.As its businesses change,an increasing number of contracts require a range of business expertise for delivery,leading to a rise in inter-business flows.Total revenuesYear-on-year growthH1 2024At constant e
41、xchange rates in Total revenues of the business(%of Group revenues)Strategy&Transformation9%+2.7%Applications&Technology62%-3.4%Operations&Engineering29%-1.8%At constant exchange rates,total revenues of Strategy&Transformation services(9%of the Groups total revenues in H1 2024)increased by+2.7%year-
42、on-year at constant exchange rates.Client demand for strategic consulting on their transition towards a more digital and sustainable model is supplemented by their growing interest in exploring the broad GenAI opportunity.Total revenues of Applications&Technology services(62%of the Groups total reve
43、nues and Capgeminis core business)declined by-3.4%.Lastly,Operations&Engineering(29%of the Groups total revenues)total revenues decreased by-1.8%.CAPGEMINIJune 30,20246ANALYSIS OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE HALF-YEAR ENDED JUNE 30,2024Consolidated Income Statemen
44、tRevenues for the first-half 2024 totaled 11,138 million,compared with 11,426 million for the first-half 2023,representing a decrease of-2.5%on a reported basis and a-2.6%revenue decreasing at constant exchange rates.The operating margin for the first six months of 2024 was 1,384 million,compared wi
45、th 1,413 million for the same period in 2023,representing a margin rate of 12.4%as for first half-year 2023.Operating profit is 1,147 million for the first-half 2024 compared with 1,151 million for the first-half 2023,after taking into account other operating income and expense representing a net ex
46、pense of 237 million in the first-half 2024 compared with 262 million in the first-half 2023.The net financial income was 20 million in the first-half 2024 compared with a net financial expense of 22 million for the same period in 2023.The income tax expense for the first-half 2024 is 326 million,co
47、mpared with 313 million for the first-half 2023.The effective tax rate is 28.0%for the first six months of 2024 compared with 27.8%in the first-half 2023.Profit for the period attributable to owners of the Company is therefore 835 million for the first-half 2024 compared with 809 million for the fir
48、st-half 2023.Normalized earnings per share are therefore 5.88 based on an average of 170,981,563 ordinary shares outstanding in the first-half 2024,compared with 5.80 based on an average of 171,947,414 ordinary shares outstanding in the first-half 2023.Consolidated Statement of Financial PositionEqu
49、ity attributable to owners of the Company totaled 10,843 million at June 30,2024,up 389 million on December 31,2023.This increase was mainly due to:the net profit for the period of 835 million,the positive impact of other comprehensive income of 355 million,including translation adjustments of 229 m
50、illion,the impact of incentive instruments and employee share ownership of 109 million,partially offset by the payment to shareholders of dividends of 580 million and the elimination of treasury shares bought back during the period for 332 million.Non-current assets totaled 15,252 million at June 30
51、,2024,up 296 million on December 31,2023,mainly due to the impact of the appreciation of the US dollar on goodwill denominated in this currency and the increase in the defined benefit pension plan surplus in the United Kingdom linked to the increase in discount rates.Non-current liabilities totaled
52、6,202 million at June 30,2024,down 776 million on December 31,2023 due to the reclassification of 2020 bond maturing in June 2025.Trade receivables and contracts assets totaled 5,459 million at June 30,2024 compared with 5,088 million at December 31,2023.Trade receivables and contract assets excludi
53、ng contract costs and net of contract liabilities totaled 4,212 million at June 30,2024 compared with 3,624 million at December 31,2023.Accounts and notes payable mainly consist of trade payables and related accounts,personnel costs and accrued taxes other than income tax and total 4,400 million at
54、June 30,2024 compared with 4,568 million at December 31,2023.Consolidated net debt totaled 2,775 million at June 30,2024 compared with 2,047 million at December 31,2023.This 728 million increase in net debt on December 31,2023 was mainly due to:the payment to shareholders of dividends of 580 million
55、,net cash outflows of 332 million in respect of transactions in treasury shares,cash outflows on business combinations,net of cash and cash equivalents acquired,of 30 million,partially offset by organic free cash flow generation in the first-half 2024 of 163million.RELATED PARTIESNo material transac
56、tions with related parties took place in the first-half 2024.MAIN RISKS AND UNCERTAINTIES FOR THE SECOND-HALF OF 2024The nature and degree of risks to which the Group is exposed have not changed from those presented on pages 109 to 135 of the 2023 Universal Registration Document.CAPGEMINIJune 30,202
57、47OUTLOOK FOR FISCAL YEAR 2024The Groups financial targets for 2024 are updated as follows:Revenue growth of-0.5%to-1.5%at constant currency(was 0%to 3%);Operating margin of 13.3%to 13.6%(unchanged);Organic free cash flow of around 1.9 billion(unchanged).The inorganic contribution to growth should b
58、e around half a point(was ranging from a marginal impact up to 1 point).CAPGEMINIJune 30,20248 Condensed interim consolidated financial statements for the half-year ended June 30,2024Consolidated Income Statement 2023First-half 2023First-half 2024(in millions of euros)NotesAmount%Amount%Amount%Reven
59、ues4 and 522,522 100 11,426 100 11,138 100 Cost of services rendered(16,474)(73.1)(8,438)(73.8)(8,164)(73.3)Selling expenses(1,598)(7.1)(803)(7.0)(824)(7.4)General and administrative expenses(1,459)(6.5)(772)(6.8)(766)(6.9)Operating expenses6(19,531)(86.7)(10,013)(87.6)(9,754)(87.6)Operating margin(
60、1)2,991 13.3 1,413 12.4 1,384 12.4 Other operating income and expenses7(645)(2.9)(262)(2.3)(237)(2.1)Operating profit2,346 10.4 1,151 10.1 1,147 10.3 Net finance costs817 0.1 10 0.1 36 0.3 Other financial income and expense8(59)(0.3)(32)(0.3)(16)(0.1)Net financial expense/income(42)(0.2)(22)(0.2)20
61、0.2 Income tax expense9(626)(2.8)(313)(2.8)(326)(3.0)Share of profit of associates and joint-ventures(10)(4)(3)PROFIT FOR THE YEAR1,668 7.4 812 7.1 838 7.5 Attributable to:Owners of the Company1,663 7.4 809 7.1 835 7.5 Non-controlling interests5 3 3 EARNINGS PER SHAREAverage number of shares outstan
62、ding during the period171,350,138171,947,414170,981,563Basic earnings per share(in euros)9.704.704.88Diluted average number of shares outstanding177,396,346178,089,362177,293,357Diluted earnings per share(in euros)9.374.544.71(1)Operating margin,an alternative performance measure monitored by the Gr
63、oup,is defined in Note 3-Alternative performance measures.CAPGEMINIJune 30,20249Consolidated Statement of Comprehensive Income(in millions of euros)Notes2023First-half 2023First-half 2024Actuarial gains and losses on defined benefit pension plans,net of tax(1)15(57)(5)71Remeasurement of cash flow an
64、d net investment hedging instruments,net of tax(2)508956Other,net of tax(1)4(1)Translation adjustments(2)(255)(102)229OTHER ITEMS OF COMPREHENSIVE INCOME(258)(18)355Profit for the year(reminder)1,668812838Total comprehensive income for the period1,4107941,193Attributable to:Owners of the Company1,40
65、57911,190Non-controlling interests533(1)Other items of comprehensive income that will not be reclassified subsequently to profit or loss.(2)Other items of comprehensive income that may be reclassified subsequently to profit or loss.CAPGEMINIJune 30,202410Consolidated Statement of Financial Position(
66、in millions of euros)NotesJune 30,2023December 31,2023June 30,2024Goodwill1010,95511,21311,357Intangible assets 866798839Property,plant and equipment835788755Lease right-of-use assets833783834Deferred tax assets657560541Other non-current assets11813814926Total non-current assets14,95914,95615,252Con
67、tract costs12139132141Contract assets122,4911,6702,383Trade receivables123,0013,2862,935Current tax receivables286148343Other current assets13905811866Cash management assets14575161367Cash and cash equivalents143,1953,5362,572Total current assets10,5929,7449,607TOTAL ASSETS25,55124,70024,859(in mill
68、ions of euros)NotesJune 30,2023December 31,2023June 30,2024Share capital1,3891,3811,381Additional paid-in capital3,7063,4823,482Retained earnings and other reserves4,1593,9285,145Profit for the year8091,663835Equity(attributable to owners of the Company)10,06310,45410,843Non-controlling interests171
69、922Total equity10,08010,47310,865Long-term borrowings145,6635,0714,276Deferred tax liabilities308275310Provisions for pensions and other post-employment benefits15360331298Non-current provisions16340327304Non-current lease liabilities641598652Other non-current liabilities17388376362Total non-current
70、 liabilities7,7006,9786,202Short-term borrowings and bank overdrafts141,3396751,421Accounts and notes payable4,3144,5684,400Contract liabilities121,2521,3321,106Current provisions16107118101Current tax liabilities315123387Current lease liabilities258251252Other current liabilities17186182125Total cu
71、rrent liabilities7,7717,2497,792TOTAL EQUITY AND LIABILITIES25,55124,70024,859CAPGEMINIJune 30,202411Consolidated Statement of Cash Flows(in millions of euros)Notes2023First-half 2023First-half 2024Profit for the year1,668812838Depreciation,amortization and impairment of fixed assets and lease right
72、-of-use assets700345339Change in provisions(65)(20)(45)Losses/(Gains)on disposals of assets and other22175Expenses relating to share based compensation18593109Expenses relating to employee ownership plan67Net finance costs8(17)(10)(36)Income tax expense/(income)9626313326Unrealized(gains)losses on c
73、hanges in fair value and other financial items12210824Cash flows from operations before net finance costs and income tax(A)3,3081,6581,560Income tax paid(B)(463)(187)(101)Change in trade receivables,contract assets net of liabilities and contract costs1(603)(563)Change in accounts and notes payable(
74、168)(160)58Change in other receivables/payables(153)(464)(498)Change in operating working capital(C)(320)(1,227)(1,003)NET CASH FROM(USED IN)OPERATING ACTIVITIES(D=A+B+C)2,525244456Acquisitions of property,plant and equipment and intangible assets(259)(127)(136)Proceeds from disposals of property,pl
75、ant and equipment and intangible assets521Acquisitions of property,plant and equipment and intangible assets,net of disposals(254)(125)(135)Cash(outflows)inflows on business combinations net of cash and cash equivalents acquired2(343)14(30)Cash(outflows)inflows in respect of cash management assets21
76、5(195)(200)Other cash(outflows)inflows,net(1)(16)(29)Cash outflows from other investing activities(129)(197)(259)NET CASH FROM(USED IN)INVESTING ACTIVITIES(E)(383)(322)(394)Proceeds from issues of share capital465Dividends paid(559)(559)(580)Net payments relating to transactions in Capgemini SE shar
77、es(876)9(332)Proceeds from borrowings1,905656176Repayments of borrowings(2,932)(390)(176)Repayments of lease liabilities(297)(148)(144)Interest paid(182)(113)(126)Interest received17189112NET CASH FROM(USED IN)FINANCING ACTIVITIES(F)(2,305)(456)(1,070)NET INCREASE(DECREASE)IN CASH AND CASH EQUIVALEN
78、TS(G=D+E+F)(163)(534)(1,008)Effect of exchange rate movements on cash and cash equivalents(H)(115)(70)60CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD(I)143,7953,7953,517CASH AND CASH EQUIVALENTS AT END OF PERIOD(G+H+I)143,5173,1912,569CAPGEMINIJune 30,202412Consolidated Statement of Changes in Eq
79、uity(in millions of euros)Number of sharesShare capitalAdditional paid-in capitalTreasury sharesConsolidated retained earnings and other reservesIncome and expense recognized in equityEquity(attributable to owners of the Company)Non-controlling interestsTotal equityTranslation adjustmentsOtherAt Dec
80、ember 31,2023172,608,1131,3813,482(237)6,518(263)(427)10,4541910,473Dividends paid out for 2023(580)(580)(580)Incentive instruments and employee share ownership1108109109Elimination of treasury shares(332)(332)(332)Transactions with non-controlling interests and others222Transactions with shareholde
81、rs and others(331)(470)(801)(801)Income and expense recognized in equity(76)229202355355Profit for the year8358353838At June 30,2024172,608,1131,3813,482(568)6,807(34)(225)10,8432210,865(in millions of euros)Number of sharesShare capitalAdditional paid-in capitalTreasury sharesConsolidated retained
82、earnings and other reservesIncome and expense recognized in equityEquity(attributable to owners of the Company)Non-controlling interestsTotal equityTranslation adjustmentsOtherAt December 31,2022173,582,1131,3893,706(288)5,350(8)(422)9,727169,743Dividends paid out for 2022(559)(559)(559)Incentive in
83、struments and employee share ownership1929393Elimination of treasury shares8199Transactions with non-controlling interests and others22(2)Transactions with shareholders and others9(464)(455)(2)(457)Income and expense recognized in equity(102)84(18)(18)Profit for the year8098093812At June 30,2023173,
84、582,1131,3893,706(279)5,695(110)(338)10,0631710,080CAPGEMINIJune 30,2024135.2.6Notes to consolidated financial statements for the half-year ended June 30,2024NOTE 1Accounting basisThe condensed interim consolidated financial statements for the half-year ended June 30,2024,and the notes thereto were
85、drawn up under the responsibility of the Board of Directors and reviewed by the Board of Directors meeting of July 25,2024.A)IFRS standards baseThe condensed interim consolidated financial statements for the first-half 2024 have been prepared in accordance with lAS 34,Interim Financial Reporting,as
86、issued by the International Accounting Standards Board(IASB),and endorsed by the European Union.They therefore do not include all the information required under IFRS for full financial statements.These condensed interim consolidated financial statements nonetheless present a selection of notes expla
87、ining the major events and transactions of the period in order to understand the changes in the Groups financial position and performance since the last annual consolidated financial statements.These condensed interim consolidated financial statements for the half-year ended June 30,2024 should be r
88、ead in conjunction with the Groups annual consolidated financial statements for the year ended December 31,2023.The Group also takes account of the positions adopted by Numeum(merger of Syntec Numrique and TECH IN France),an organization representing major consulting and computer services companies
89、in France,regarding the application of certain IFRS.B)New standards and interpretations applicable in 2024a)New standards,amendments and interpretations of mandatory effect at January 1st,2024The accounting policies applied by the Capgemini Group are unchanged on those applied for the preparation of
90、 the December 31,2023 consolidated financial statements.The standards,amendments,and interpretations which entered into mandatory effect on January 1st,2024 did not have a material impact on the Group financial statements.b)Other new standards not yet in effect at January 1st,2024 or adopted earlyTh
91、e Group did not adopt early any new standards not yet in effect at January 1st,2024.C)Use of estimatesThe preparation of consolidated financial statements involves the use of estimates and assumptions which may have an impact on the reported values of assets and liabilities at the period end or on c
92、ertain items of either net profit or the income and expenses recognized directly in equity for the year.Estimates are based on economic data and assumptions which are likely to vary over time and interpretations of local regulation when necessary.They have notably been made in an ongoing uncertain e
93、conomic and geopolitical context.These estimates are subject to a degree of uncertainty and mainly concern revenue recognition on a percentage-of-completion basis,provisions,measurement of the amount of intangible assets and deferred tax assets,provisions for pensions and other post-employment benef
94、its,the fair value of financial instruments and the calculation of the tax expense.Climate change risks result from both increasingly frequent exposure to extreme weather events and transition to a low energy business model.The Group considers the financial consequences of damage directly related to
95、 extreme weather events to be limited.The Group has also taken the effects of its sustainable development policy into account in the main closing estimates.CAPGEMINIJune 30,202414NOTE 2Changes in consolidation scopeThere have been no major changes in the consolidation scope during the first semester
96、 of 2024.NOTE 3Alternative performance measuresThe alternative performance measures monitored by the Group are defined as follows:Organic growth,or like-for-like growth,in revenues is the growth rate calculated at constant Group scope and exchange rates.The Group scope and exchange rates used are th
97、ose for the reported period;Growth at constant exchange rates in revenues is the growth rate calculated at exchange rates used for the reported period;Operating margin is equal to revenues less operating expenses.It is calculated before“Other operating income and expense”which include amortization o
98、f intangible assets recognized in business combinations,the IFRS2 expenses for share based compensation(including social security contributions and employer contributions)and employee ownership plan,and non-recurring revenues and expenses,notably impairment of goodwill,negative goodwill,capital gain
99、s or losses on disposals of consolidated companies or businesses,restructuring costs incurred under a detailed formal plan approved by the Groups management,the cost of acquiring and integrating companies acquired by the Group,including earn-outs comprising conditions of presence,and the effects of
100、curtailments,settlements and transfers of defined benefit pension plans;Normalized earnings per share are calculated by dividing normalized profit or loss attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the period,excluding treasury shares.N
101、ormalized net profit or loss is equal to profit for the year attributable to owners of the Company corrected for the impact of items recognized in“Other operating income and expense”(see Note 7 Other operating income and expenses),net of tax calculated using the effective tax rate;Net debt(or net ca
102、sh and cash equivalents)comprises(i)cash and cash equivalents,as presented in the Consolidated Statement of Cash Flows(consisting of short-term investments and cash at bank)less bank overdrafts,(ii)cash management assets(assets presented separately in the Consolidated Statement of Financial Position
103、 due to their characteristics),less(iii)short-and long-term borrowings.Account is also taken of(iv)the impact of hedging instruments when these relate to borrowings,intercompany loans and own shares;Organic free cash flow calculated based on items in the Statement of Cash Flows is equal to cash flow
104、 from operations less acquisitions of property,plant,equipment and intangible assets(net of disposals)and repayments of lease liabilities and adjusted for flows relating to the net interest cost.Main alternative performance measures are reconciled below:(in millions of euros)First-half 2023First-hal
105、f 2024Profit for the year attributable to owners of the Company809835Other operating income and expenses,net of tax calculated at the effective tax rate(1)189171Normalized profit for the year attributable to owners of the Company9981,006Weighted average number of ordinary shares outstanding171,947,4
106、14170,981,563NORMALIZED EARNINGS PER SHARE(in euros)5.805.88(1)See Note 9-Income TaxCAPGEMINIJune 30,202415(in millions of euros)First-half 2023First-half 2024Cash flows from operating activities244456Acquisitions of property,plant and equipment and intangible assets(127)(136)Proceeds from disposals
107、 of property,plant and equipment and intangible assets21Acquisitions of property,plant and equipment and intangible assets(net of disposals)(125)(135)Interest paid(113)(126)Interest received89112Net interest cost(24)(14)Repayments of lease liabilities(148)(144)ORGANIC FREE CASH FLOW(53)163CAPGEMINIJ
108、une 30,202416NOTE 4Operating segmentsGroup Management analyzes and measures activity performance in the geographic areas where the Group is present.The geographic analysis enables management to monitor the performance:of commercial development:it focuses on trends in major contracts and clients in G
109、roup markets across all its businesses.This monitoring seeks to coordinate the service offering of the different businesses in the countries,given their considerable interaction and to measure the services rendered.at operational and financial level:management of treasury and support services,the op
110、erating investment and financing policies and the acquisition policy are decided and implemented by geographic area.Accordingly,the Group presents segment reporting for the geographic areas where it is located.The Group segments are defined as geographic areas(e.g.France)or groups of geographic area
111、s(Rest of Europe).Geographic areas are grouped together based on an analysis of the nature of contracts,the typology of customer portfolios and the uniformity of operating margins*.Inter-segment transactions are carried out on an arms length basis.The performance of operating segments is measured ba
112、sed on the operating margin*.This indicator enables the measurement and comparison of the operating performance of operating segments,irrespective of whether their business results from internal or external growth.Costs relating to operations and incurred by Group holding companies on behalf of geog
113、raphic areas are allocated to the relevant segments either directly or on the basis of an allocation key.Items not allocated correspond to headquarter expenses.The operating margin*realized by the main offshore delivery centers(India and Poland)is reallocated to the geographic areas managing the con
114、tracts to enable a better understanding of the performance of these areas.*Operating margin,an alternative performance measure monitored by the Group,is defined in Note 3-Alternative performance measures.The Group communicates segment information for the following geographic areas:North America,Fran
115、ce,United Kingdom and Ireland,the Rest of Europe,Asia-Pacific and Latin America.First-half 2024North AmericaFranceUnited Kingdom and IrelandRest of EuropeAsia-Pacific and Latin America(1)HQ expensesEliminationsTotal(in millions of euros)Revenues-external3,1082,2451,3803,47093511,138-inter-geographic
116、 area1132581523271,319(2,169)TOTAL REVENUES3,2212,5031,5323,7972,254(2,169)11,138OPERATING MARGIN(2)48120528238498(66)1,384%of revenues 15.5 9.1 20.5 11.1 10.5 12.4 OPERATING PROFIT41415825332761(66)1,147(1)The Asia-Pacific and Latin America area includes the following countries in particular:India,
117、Australia,Brazil,Mexico and other Asian Pacific and Latin American countries.(2)Operating margin,an alternative performance measure monitored by the Group,is defined in Note 3-Alternative performance measures.First-half 2023North AmericaFranceUnited Kingdom and IrelandRest of EuropeAsia-Pacific and
118、Latin America(1)HQ expensesEliminationsTotal(in millions of euros)Revenues-external3,2882,3081,3863,47297211,426-inter-geographic area1192411473261,377(2,210)TOTAL REVENUES3,4072,5491,5333,7982,349(2,210)11,426OPERATING MARGIN(2)50025725536599(63)1,413%of revenues 15.2 11.1 18.4 10.5 10.2 12.4 OPERA
119、TING PROFIT44018822430161(63)1,151(1)The Asia-Pacific and Latin America area includes the following countries in particular:India,Australia,Brazil,Mexico and other Asian Pacific and Latin American countries.(2)Operating margin,an alternative performance measure monitored by the Group,is defined in N
120、ote 3-Alternative performance measures.CAPGEMINIJune 30,2024172023North AmericaFranceUnited Kingdom and IrelandRest of EuropeAsia-Pacific and Latin America(1)HQ expensesEliminationsTotal(in millions of euros)Revenues-external6,4624,5372,7096,8371,97722,522-inter-geographic area2244943016652,736(4,42
121、0)TOTAL REVENUES6,6865,0313,0107,5024,713(4,420)22,522OPERATING MARGIN(2)1,010571504800241(135)2,991%of revenues 15.6 12.6 18.6 11.7 12.2 13.3 OPERATING PROFIT874390431639147(135)2,346(1)The Asia-Pacific and Latin America area includes the following countries in particular:India,Australia,Brazil,Mex
122、ico and other Asian Pacific and Latin American countries.(2)Operating margin,an alternative performance measure monitored by the Group,is defined in Note 3-Alternative performance measures.CAPGEMINIJune 30,202418NOTE 5RevenuesIn the first-half 2024,revenues decreased by-2.5%compared with first-half
123、2023 on a reported basis.Revenues decreased by -2.6%at constant exchange rates(1)compared to first-half 2023,while organic growth(1)was negative at-3.0%.Change(in millions of euros)First-half 2023reportedat constant exchange rates(1)First-half 2024North America3,288-5.5%-5.4%3,108France2,308-2.7%-2.
124、7%2,245United Kingdom and Ireland1,386-0.4%-2.8%1,380Rest of Europe3,472-0.1%-0.1%3,470Asia-Pacific and Latin America972-3.7%-1.6%935TOTAL11,426-2.5%-2.6%11,138(1)Organic growth and growth at constant exchange rates,alternative performance measures monitored by the Group,are defined in Note 3-Altern
125、ative performance measures.NOTE 6Operating expenses by nature(in millions of euros)2023First-half 2023First-half 2024Amount%of revenuesAmount%of revenuesAmount%of revenuesPersonnel expenses15,341 68.2%7,969 69.7%7,807 70.1%Travel expenses322 1.4%161 1.4%145 1.3%Purchases and sub-contracting expenses
126、2,977 13.2%1,446 12.7%1,403 12.6%Rent and local taxes209 0.9%106 0.9%103 0.9%Charges to depreciation,amortization,impairment,provisions and proceeds from asset disposals682 3.0%331 2.9%296 2.7%OPERATING EXPENSES19,531 86.7%10,013 87.6%9,754 87.6%CAPGEMINIJune 30,202419NOTE 7Other operating income an
127、d expenses(in millions of euros)2023First-half 2023First-half 2024Amortization of intangible assets recognized in business combinations(123)(63)(64)Expenses relating to share based compensation(214)(106)(121)Expenses relating to employee ownership plan(67)Restructuring costs(179)(68)(53)Integration
128、costs for companies acquired(44)(22)(15)Acquisition costs(15)(7)(4)Other operating expenses(49)(21)(21)Total operating expenses(691)(287)(278)Other operating income462541Total operating income462541OTHER OPERATING INCOME AND EXPENSES(645)(262)(237)Expenses relating to share based compensation The ex
129、pense relating to share based compensation is 121 million,compared with 106 million in first-half 2023.This increase mainly results from the change in the share price over the period impacting the IFRS expense of new plans.Expenses relating to employee ownership planAs of December 31,2023,expenses r
130、elating to employee ownership plan correspond to the 2023 ESOP plan,for which the capital increase was on December 19,2023.Restructuring costsFirst-half 2024 restructuring costs primarily concern workforce reduction measures and real estate restructurings.CAPGEMINIJune 30,202420NOTE 8Net financial e
131、xpense/income(in millions of euros)Note2023First-half 2023First-half 2024Income from cash,cash equivalents and cash management assets17189112Net interest on borrowings(142)(73)(70)Net finance costs at the nominal interest rate291642Impact of amortized cost on borrowings(12)(6)(6)Net finance costs at
132、 the effective interest rate171036Net interest cost on defined benefit pension plans15(3)(1)(1)Interest on lease liabilities(29)(14)(16)Exchange gains(losses)on financial transactions(17)15(Losses)Gains on derivative instruments(1)(13)(20)Other(9)(4)6Other financial income and expense(59)(32)(16)NET
133、 FINANCIAL EXPENSE/INCOME(42)(22)20The variation in income from cash,cash equivalents and cash management assets over the period is mainly due to the increase in cash invested in the Groups various geographies,in a context of high interest rates.Net interest on borrowings(70 million)and the impact o
134、f amortized cost on borrowings(6 million)total 76 million mainly comprise:coupons on the 2018 bond issues of 7 million,plus an amortized cost accounting impact of 3 million,coupons on the 2020 bond issues of 38 million,plus an amortized cost accounting impact of 3 million.Exchange gains on financial
135、 transactions and losses on derivative instruments primarily concern inter-company loans denominated in foreign currencies and the impacts of the related hedging arrangements.Other financial income and expense include in particular in the first half of 2024 the impact of the revaluation at fair valu
136、e of certain shares in non-consolidated companies(cf.Note 11-Other non-current assets).NOTE 9Income tax expenseThe effective tax rate for the half-year is calculated by applying the estimated effective tax rate for the fiscal year to pre-tax net profits for the half-year to June 30.In 2021,the Organ
137、ization for Economic Co-operation and Development(OECD)adopted a reform of international tax rules proposing in particular a minimum tax of 15%on profits made by multinational groups meeting certain criteria.These“Global Rules to Combat Tax Base Erosion”or“GloBE Rules”,which are intended to be intro
138、duced by jurisdictions into their domestic law,require the concerned groups to calculate a“GloBE”profit and the related taxes jurisdiction by jurisdiction.When this calculation results in an effective tax rate(ETR)of less than 15%,they require the groups to pay additional tax on profits,the level of
139、 which must make it possible to achieve the minimum target ETR of 15%.In December 2022,the Council of the European Union adopted the“Pillar 2”Directive,which aims to transpose the GloBE Rules homogeneously within Member States;these must transpose the directive for a progressive application of the m
140、easures from January 1st,2024.France has thus transposed the rules of this directive into its national law through the Finance Law for 2024.During the first-half of 2024,the Group carried out an analysis on the impact of the Safe Harbour measures,considering its geographic footprint and the implemen
141、tation of certain additional national taxes.Based on these estimates,for financial year 2024,the impact of this reform taken into account in the projected effective tax rate used as of June 30,2024 is marginal and therefore has no significant impact on the Groups tax expense and tax paid for the fir
142、st-half 2024.The effective income tax rate for the first-half 2024 is 28.0%based on pre-tax net profit of 1,167 million,compared with 27.2%at December31,2023 and 27.8%at June 30,2023.The effective income tax rate used to calculate normalized earnings per share at June 30,2024 is 28.0%.CAPGEMINIJune
143、30,202421NOTE 10GoodwillThe Group has not identified any indications of impairment calling into question the recoverable amount of the Cash Generating Units(CGU)at June 30,2024.NOTE 11Other non-current assets(in millions of euros)NoteJune 30,2023December 31,2023June 30,2024Long-term deposits,receiva
144、bles and other investments169172176Shares in associates and joint-ventures115110126Derivative instruments767382Non-current tax receivables173216216Shares in non-consolidated companies505874Defined benefit pension plan surplus15190153220Other403232OTHER NON-CURRENT ASSETS813814926The increase in“Othe
145、r non-current assets”during the period is mainly explained by the variation in the defined benefit pension plan surplus in the United Kingdom linked to the increase in discount rates over the first half of 2024 in this country as well as the revaluation to fair value of certain shares in non-consoli
146、dated companies.NOTE 12Trade receivables,contract assets and contract costs(in millions of euros)June 30,2023December 31,2023June 30,2024Trade receivables3,0183,3062,951Provisions for doubtful accounts(17)(20)(16)Contract assets2,4911,6702,383Trade receivables and contract assets,excluding contract
147、costs5,4924,9565,318Contract costs139132141TRADE RECEIVABLES,CONTRACT ASSETS AND CONTRACT COSTS5,6315,0885,459Total trade receivables and contract assets net of contract liabilities can be analyzed as follows in number of days annual revenue:(in millions of euros)June 30,2023December 31,2023June 30,
148、2024Trade receivables and contract assets,excluding contract costs5,4924,9565,318Contract liabilities(1,252)(1,332)(1,106)TRADE RECEIVABLES AND CONTRACT ASSETS NET OF CONTRACT LIABILITIES4,2403,6244,212In number of days annual revenue675868At June 30,2024,no receivables were assigned with transfer o
149、f risk as defined by IFRS 9 to financial institutions(2 million at December 31,2023 and 152 million at June 30,2023).These receivables were therefore derecognized in the Statement of Financial Position at December 31,2023,and June 30,2023 respectively.CAPGEMINIJune 30,202422NOTE 13Other current asse
150、ts(in millions of euros)June 30,2023December 31,2023June 30,2024Social security and tax-related receivables,other than income tax319366285Prepaid expenses398280399Derivative instruments126104122Other626160OTHER CURRENT ASSETS905811866The increase in“Other current assets”during the period came mainly
151、 from the increase in certain prepaid expenses related to IT expenses and client projects.NOTE 14Net debt/net cash and cash equivalents(in millions of euros)June 30,2023December 31,2023June 30,2024Short-term investments2,1742,5361,770Cash at bank1,0211,000802Bank overdrafts(4)(19)(3)Cash and cash eq
152、uivalents,net of bank overdrafts3,1913,5172,569Cash management assets575161367Bonds(5,656)(5,067)(4,271)Drawdowns on bank and similar facilities and other borrowings(7)(4)(5)Long-term borrowings(5,663)(5,071)(4,276)Bonds(1,044)(654)(1,417)Drawdowns on bank and similar facilities and other borrowings
153、(291)(2)(1)Short-term borrowings(1,335)(656)(1,418)Borrowings(6,998)(5,727)(5,694)Derivative instruments(12)2(17)NET DEBT(1)(3,244)(2,047)(2,775)(1)Net debt/net cash and cash equivalents,an alternative performance measure monitored by the Group,is defined in Note 3-Alternative performance measures.D
154、uring the first-half 2024,the 728 million increase in net debt on December 31,2023 chiefly reflects:the payment to shareholders of dividends of 580 million,net cash outflows of 332 million in respect of transactions in treasury shares,cash outflows on business combinations,net of cash and cash equiv
155、alents acquired,of 30 million,partially offset by organic free cash flow*generation in the first-half 2024 of 163million.Financial asset and liability fair value measurement methods and classifications are unchanged from December 31,2023.*Organic free cash flow,an alternative performance measure mon
156、itored by the Group,is defined in Note 3-Alternative performance measuresCAPGEMINIJune 30,202423NOTE 15Provisions for pensions and other post-employment benefits(in million of euros)NoteJune 30,2023December 31,2023June 30,2024NET OBLIGATION AT BEGINNING OF PERIOD 183183178Expense for the period reco
157、gnized in the Income Statement115619Cost of services rendered285330Plan curtailments and settlements(18)(12)Interest cost8131Impact on income and expense recognized in equity170(98)Benefits and contributions(35)(123)(14)Translation adjustments(7)(4)(5)Other movements17(4)(2)NET OBLIGATION AT END OF
158、PERIOD17017878o/w Provisions360331298o/w Other non-current assets190153220The present value of pensions and other post-employement benefits obligations totaled 3,122 million at June 30,2024 compared to 3,231million at December 31,2023.The value of the plan assets is equal to 3,044 million at June 30
159、,2024 compared with 3,053 million at December 31,2023.CAPGEMINIJune 30,202424NOTE 16Non-current and current provisionsA provision is recognized in the Consolidated Statement of Financial Position at the year-end if,and only if,(i)the Group has a present obligation(legal or constructive)as a result o
160、f a past event,(ii)it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and(iii)a reliable estimate can be made of the amount of the obligation.Provisions are discounted when the impact of the time value of money is material.Movements in n
161、on-current and current provisions break down as follows:(in millions of euros)June 30,2023December 31,2023June 30,2024Beginning of the period442442445Allowances276037Reversals(utilization of provisions)(13)(32)(32)Reversals(unused provisions)(10)(26)(46)Other 111End of the period447445405At June 30,
162、2024,non-current provisions(304 million)and current provisions(101 million)concern risks relating to projects and contracts of 100 million(111 million at December 31,2023)and risks of 305 million(334 million at December 31,2023),mainly relating to labor and legal disputes in France and tax risks(exc
163、luding income tax)in India.NOTE 17Other non-current and current liabilities(in millions of euros)June 30,2023December 31,2023June 30,2024Special employee profit-sharing reserve374624Derivative instruments9410981Liabilities related to acquisitions of consolidated companies645357Non-current tax payabl
164、es220194201Other159156124OTHER NON-CURRENT AND CURRENT LIABILITIES574558487Other current and non-current liabilities mainly include the non-current tax payables on tax audit,litigation or pre-litigation proceedings in India and France.The change in“Other non-current and current liabilities”during fi
165、rst-half 2024 came mainly from the change in the fair value of hedging derivatives contracted as part of the centralized management of currency risk.Liabilities related to acquisitions of consolidated companies mainly comprise earn-outs granted at the time of certain acquisitions.CAPGEMINIJune 30,20
166、2425NOTE 18Number of employeesAverage number of employees by geographic areaFirst-half 20232023First-half 2024Number of employees%Number of employees%Number of employees%North America20,175 6 19,709 6 18,417 6 France39,568 11 39,161 11 38,176 11 United Kingdom and Ireland14,467 4 14,477 4 14,430 4 R
167、est of Europe70,423 20 69,897 20 68,461 20 Africa and Middle East6,570 2 6,794 2 7,237 2 Asia-Pacific and Latin America204,464 57 199,755 57 191,127 57 AVERAGE NUMBER OF EMPLOYEES355,667 100 349,793 100 337,848 100 Number of employees at period-end by geographic areaFirst-half 20232023First-half 202
168、4Number of employees%Number of employees%Number of employees%North America19,717 6 18,941 6 18,164 6 France39,265 11 38,460 11 37,837 11 United Kingdom and Ireland14,595 4 14,391 4 14,493 4 Rest of Europe70,211 20 68,993 20 68,051 20 Africa and Middle East6,737 2 7,201 2 7,195 2 Asia-Pacific and Lat
169、in America198,944 57 192,457 57 191,183 57 NUMBER OF EMPLOYEES AT PERIOD-END349,469 100 340,443 100 336,923 100 CAPGEMINIJune 30,202426NOTE 19Off-balance sheet commitmentsCOMMITMENTS GIVEN(in millions of euros)June 30,2023December 31,2023June 30,2024On operational contracts1,9681,9052,009On leases14
170、8207138Other commitments given6270150COMMITMENTS GIVEN2,1782,1822,297COMMITMENTS RECEIVED(in millions of euros)June 30,2023December 31,2023June 30,2024On operational contractsOther commitments received908176COMMITMENTS RECEIVED908176Off-balance sheet commitments relating to Group financing remain un
171、changed compared to December,31 2023.Contingent liabilitiesIn the normal course of their activities,certain Group companies underwent tax audits,leading in some cases to revised assessments in the first-half 2024 and in previous fiscal years.Proposed adjustments were challenged and litigation and pr
172、e-litigation proceedings were in progress on June 30,2024.This is particularly the case in India,where Group subsidiaries have received several tax reassessment notices or proposed tax reassessment notices for income tax,particularly on a recurring basis on transfer pricing issues.Most often,no amou
173、nts have been booked for these disputes in the consolidated financial statements in so far as the Group considers it can justify its positions with serious likelihood of winning.NOTE 20Subsequent eventsNone.CAPGEMINIJune 30,202427Declaration by the person responsible for the interim financial report
174、“I hereby declare that,to the best of my knowledge,the condensed interim consolidated financial statements for the half-year ended June 30,2024 have been prepared in accordance with applicable accounting standards and give a true and fair view of the assets,liabilities,financial position and results
175、 of the Company and all the other companies included in the scope of consolidation and that the interim financial review on page 5 gives a fair description of the material events that occurred in the first six months of the fiscal year and their impact on the financial statements,the main related pa
176、rty transactions,as well as a description of the main risks and uncertainties for the remaining six months of the year.Aiman EzzatChief Executive OfficerCAPGEMINIJune 30,202428About CapgeminiCapgemini is a global business and technology transformation partner,helping organizations to accelerate thei
177、r dual transition to a digital and sustainable world,while creating tangible impact for enterprises and society.It is a responsible and diverse group of 340,000 team members in more than 50 countries.With its strong over 55-year heritage,Capgemini is trusted by its clients to unlock the value of tec
178、hnology to address the entire breadth of their business needs.It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering,all fueled by its market leading capabilities in AI,cloud and data,combined with its deep industry expertise and partner ecosystem.The Group reported 2023 global revenues of 22.5 billion.Get the Future You Want|This document contains information that may be privileged or confidential and is the property of the Capgemini Group.Copyright 2023 Capgemini.All rights reserved.