Source: Sharecast
The firm reported annual revenues of €22.52bn for last year, down 1.9% on 2023, saying business conditions for the year proved weaker than initially anticipated.
However, the 2% decline in revenues at constant currencies was the top end of the guidance given in October and revenue trends improved gradually throughout the year, with fourth-quarter revenues falling at 1.1% year-on-year if FX rates were stable.
“Our performance in the fourth quarter is in line with expectations. As anticipated, Manufacturing and France experienced strong headwinds, whereas we saw an improvement in Financial Services and Consumer Goods & Retail, as well as a robust Public Sector," said chief executive Aiman Ezzat.
Operating profits for the year were up 0.4% at €2.35bn, with operating margins stable at 13.3%.
Looking ahead, the company said it expects constant-currency revenue growth in the first half of 2025 to remain around the same range as in the fourth quarter.
"Our clients keep showing a strong appetite for technology and recognize the value we bring as their trusted business and technology transformation partner. However, we remain cautious in this uncertain environment, notably around Manufacturing and Europe," Ezzat said.
The stock was down 7.9% at €170.80 by 1409 in Paris.